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Stories Tagged as

Mortgage rates

Why we might not see the usual seasonal home sale slowdown this year

by Mitchell Hartman
Nov 1, 2024
Pending home sales, a leading indicator for the existing home market, rose nearly 7.5% in September - much more than expected.
Pending home sales, a leading indicator for the existing home market, rose nearly 7.5 percent in September - much more than expected.
Photo by Mark Wilson/Getty Images
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Why are mortgage rates going up again?

by Samantha Fields
Oct 9, 2024
It's all about expectations. Mortgage rates fell in anticipation of the Fed cutting interest rates. But then came the strong September jobs report.
That strong jobs report last week likely helped push mortgage rates back up.
Justin Sullivan/Getty Images
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Homebuyers are still waiving inspections. Could the latest Fed rate cut help turn the tide? 

by Janet Nguyen
Sep 30, 2024
In a competitive housing market, buyers are forgoing their right to an inspection, or the right to walk away from a property if it’s not in good condition.
The housing market is so competitive in some areas that buyers feel pressured to waive home inspections.
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Why housing inflation looks sticky

by Kristin Schwab
Sep 30, 2024
August's personal consumption expenditures index clocked in at 2.2%. That's down from July, but the housing category is one of the slowest to cool.
Housing inflation is stubborn, in part, because there's simply not enough housing.
Frederic J. Brown/AFP via Getty Images
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Falling mortgage rates have some homeowners ready to refi — but only some

by Justin Ho
Sep 26, 2024
Many are paying interest rates well below today's.
"Forty percent of folks that have taken out their mortgages in 2023 or 2024 could save at least .75% through a refinance at today’s interest rate," said Andy Walden at Intercontinental Exchange.
Mario Tama/Getty Images
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Mortgage rates are falling. Will it offer buyers any relief?

by Samantha Fields
Sep 25, 2024
It all depends on what happens with home prices.
Mortgage rates fell in anticipation of the Fed's interest rate cut last week.
Christopher Furlong/Getty Images
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Assumable mortgages give buyers a second chance at low rates

by Amy Scott
Sep 23, 2024
But they come with some caveats.
“Unfortunately, 98% of sellers don’t actually know that they’re eligible for the opportunity to include their mortgage in their home sale,” said Raunaq Singh, founder and CEO of Roam.
Joe Raedle/Getty Images
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As housing inventory ticks up, how does that impact home prices?

by Justin Ho
Sep 23, 2024
Both supply and demand for housing are increasing. The trajectory of home prices will depend on whether supply or demand grows faster.
Falling mortgage rates could encourage more homebuilders to construct new housing.
Mario Tama/Getty Images
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Why do mortgage rates move when the Fed keeps interest rates stable?

by Henry Epp
Aug 8, 2024
The federal funds rate, set by the Federal Reserve, is just the first layer that goes into determining mortgage rates.
There’s more that goes into mortgage rates than just the federal funds rate, which the Federal Reserve sets.
Justin Sullivan/Getty Images
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Mortgage rates fall in anticipation of a Fed rate cut

by Mitchell Hartman
Aug 8, 2024
Rates hovered around 7% for a good part of this year.
Mortgage rates are now the lowest they've been since May 2023.
Scott Olson/Getty Images
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