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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound
When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mortgage Bankers Association. But when the average 30-year fixed rate jumped to around 6.8% last week, mortgage activity plummeted 10%.
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospe ...
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected ...
Mortgage delinquencies are rising across the U.S., especially in southern states like Florida, Georgia, and South Carolina, a ...
Today’s mortgage rates: 30-year fixed at 6.625%, 15-year at 5.75%. Explore trends and what buyers should know now.
America’s housing market is flashing red on multiple fronts, with affordability at its worst in years and little relief in ...
The Housing Market Tracker shows housing inventory decreased last week, while purchase application data grew 25% ...
Homeownership is often seen as a cornerstone of the American Dream. But for some who bought in recent years, it’s become a costly source of stress.
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it ...
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