The pandemic crushed the real estate market, forced banks to offer historically low mortgage interest rates, and I was able to buy an apartment.
The housing market has a historic supply shortage, but aging millennials and falling lumber prices will give way to robust growth, Jefferies said.
It used to be rare to see a negative mortgage rate, where your bank pays you interest. It's on the rise in Portugal, The Wall Street Journal reports.
As expectations for stronger inflation have lifted Treasury yields, the mortgage market has been impacted with rates going back above 3% and climbing.
Mortgage rates typically move in tandem with the 10-year Treasury yield, and recovery optimism recently prompted investors to send yields soaring.
The average 30-year fixed mortgage rate fell to 2.67% from 2.71% this week, marking the fifteenth record low of 2020, according to Freddie Mac. The historically low borrowing costs continue to fuel a housing-market surge and establish the sector as one of the few bright spots in the ailing US […]
The average US 30-year fixed mortgage rate dipped to 2.71% from 2.72%, Freddie Mac said Thursday. The new level marks the rate’s 14th record low of the year. Near-zero interest rates have pushed borrowing costs to historically low levels and fuelled a buying spree in the nation’s housing market. Limited […]
The median price for a single-family home in the US rose 12% in the third quarter of 2020, according to the National Association of Realtors. Bloomberg reported that this 12% jump is the highest year-over-year increase since 2013. Low-mortgage rates have fuelled 2020’s powerful housing rally. But as home prices […]
The average US 30-year fixed mortgage rate fell to 2.81% from 2.87%, its lowest in Freddie Mac data going back nearly 50 years. The reading also marks the 10th record low this year, reflecting the tumbling borrowing costs that fuelled the housing market’s rebound. Sales of new and existing homes […]
The US 30-year fixed mortgage rate fell to 2.86% from 2.93%, its lowest level in Freddie Mac data going back nearly 50 years. The rate has hit record lows nine times in 2020, fuelling the housing market’s rally throughout the coronavirus pandemic. Though the housing market’s strength persisted through the […]
Mortgage delinquencies rose a seasonally adjusted 8.22% in the second quarter to a nine-year high, according to a Monday report from the Mortgage Bankers Association. The nearly 4% jump from the previous quarter was the largest in survey history, according to the report. In addition, the delinquency rate for FHA […]
The popular US 30-year fixed mortgage rate fell to another record low of 2.88%, Freddie Mac said Thursday. It’s the eighth time this year that the rate has slipped to a record low amid the coronavirus pandemic. “The resilience of the housing market continues as mortgage rates hit another all-time […]
The rate on the popular 30-year fixed-rate mortgage increased to 3.01%, according to Freddie Mac data released Thursday. It’s the first time in six weeks that US mortgage rates have increased – the rates have been held down by low US Treasury bond yields and near-zero interest rates. Mortgage rates […]
Mortgage rates are set to continue their historic decline, and will likely breach 3% later this year, according to Fannie Mae. The 30-year fixed mortgage rate is already sitting at record lows of 3.03%, which has helped spur home purchases and refinances even amid a recession caused by the COVID-19 […]
The popular 30-year fixed rate mortgage averaged 3.03%, the lowest in the series dating back to 1971, according to a Thursday report by Freddie Mac. It’s the sixth time US mortgage rates have fallen to a record low since March, when the coronavirus pandemic led to a market meltdown. Still, […]
US home prices are set to fall 6.6% over the next year as the coronavirus pandemic fallout worsens, according to a Tuesday report from CoreLogic. The group’s home price index increased 4.8% in the 12 months through May, supported by strong demand, especially from younger buyers, and low supply, according […]
There are early signs that a V-shaped recovery may be underway in the housing market. A slew of data this week either showed early signs of recovery, or represented the low from the shock of the coronavirus pandemic. This could help lift other areas of the economy, especially those linked […]