Mortgage Rates Resume Their Climb
The 30-year fixed rate at highest point since April 2002.
The 30-year fixed rate at highest point since April 2002.
Adds 263,000 jobs in September; unemployment rate dips to 3.5%
Ongoing economic uncertainty cited as 15-year and 30-year fixed rates fall.
Report released Thursday shows the housing market continues to face headwinds.
Chairman said housing market may have to go through "a correction" to return to balance.
Economist: First-time homebuyers finding the door to homeownership 'closed for the season.'
Second consecutive increase followed a dip in August.
Is the housing market settling back to normal?
Time on market was 42 days, 5 days more than last year but 22 days less than typical pre-pandemic levels.