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Mario Tama/Getty Images Four out of five prospective buyers won’t act until mortgage rates fall further, a recent U.S. News & World Report survey found.
The Washington Post/Getty Images The average 30-year fixed-rate mortgage shot up to nearly 8% in late 2023. It fell to just above 6% last fall, bounced back above 7% in mid-January, and declined again recently.
Saul Loeb/AFP via Getty Images Tariffs and higher mortgage interest rates are at the top of the list.
Frederic J. Brown/AFP via Getty Images They’re starting 2025 at the highest they’ve been since last summer.
Allen J. Schaben/Los Angeles Times via Getty Images If the housing market is a roller coaster, mortgage rates are at the controls. If they drop, things could speed up.
Scott Olson/Getty Images Pending sales were up 2.2% in November.
Mario Tama/Getty Images With the “lock–in effect” shrinking inventory, 1.7 million fewer homes were sold between 2022 and 2024, per a federal housing study.
Andrew Caballero-Reynolds/AFP via Getty Images Stabilizing interest rates and moderating home prices are among the positive predictions in the Realtors’ report. Some see risks to that scenario.
Andrew Caballero-Reynolds/AFP via Getty Images The National Association of Homebuilders reported its third straight month of improvement in its homebuilder confidence index, even though permits for new housing construction were down nearly 8% year over year.
Photo by Mark Wilson/Getty Images Pending home sales, a leading indicator for the existing home market, rose nearly 7.5% in September – much more than expected.