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Mortgage rates

Mortgage demand is up, but lenders are more cautious

by Justin Ho
Jun 14, 2023
Mortgage applications rose last week, thanks in part to a dip in mortgage rates, according to a new report. But credit availability has been falling.
Mortgage demand and mortgage supply are moving in different directions.
Joe Raedle/Getty Images
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There are now only 4 major U.S. cities where buying is cheaper than renting

by Samantha Fields
May 25, 2023
That's good news if you're looking to buy in Philadelphia, Detroit, Cleveland or Houston, but what about the rest of us?
Even if monthly mortgage payments are higher than comparable rent, "you get the benefit of building up wealth," said Daryl Fairweather, chief economist at Redfin.
Justin Sullivan/Getty Images
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Home builders feel more confident, despite inflation and higher interest rates

by Mitchell Hartman
Apr 18, 2023
Their confidence tanked last year.
JIM WATSON/AFP via Getty Images
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What high mortgage rates have to do with your rent

by Sabri Ben-Achour
Apr 11, 2023
Rising mortgage rates have kept would-be buyers renting — straining the supply of available apartments and pushing prices up.
Despite slowing rent inflation, high mortgage rates are keeping some would-be homebuyers in apartments — which can increase competition and boost the cost of rent.
Justin Sullivan/Getty Images
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Housing price trends are split down the middle of the country

by Amy Scott and Sarah Leeson
Mar 30, 2023
Prices are cooling in the West, but the market in the East is still hot. We check in with a real estate pro in the center of the divide.
A home for sale in Houston, which sits on the fault line between regions going in opposite directions.
Brandon Bell/Getty Images
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As mortgage rates fall, applications tick up

by Justin Ho
Mar 30, 2023
In the last few months, mortgage applications have risen as rates have ticked down.
Mortgage rates rises have tapered recently, which has incentivized more people to fill out applications.
phototechno via Getty Images
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Homebuyers keep looking for a dip in mortgage rates

by Sabri Ben-Achour
Mar 29, 2023
A February rise in pending home sales likely reflects a short dip in rates earlier.
An uptick in a pending home sales in February follows lower mortgage rates from a month or two earlier.
Justin Sullivan/Getty Images
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Banks in Turmoil

Mortgage rates dip following bank collapse

by Lily Jamali
Mar 15, 2023
The last few days have been particularly unstable for mortgage rates, which were already volatile amid recent interest rate hikes.
Mortgage rates took a dive after the closure of Silicon Valley Bank and Signature Bank, marking a period of volatility tied to people's unease about the financial sector.
Joe Raedle/Getty Images
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Housing

As mortgage rates rise, so have all-cash offers for homes

by Amy Scott
Feb 15, 2023
Some people are selling expensive homes and using the cash proceeds to buy more affordable ones. How does that hurt first-time buyers?
Paying cash for homes is a growing trend.
Saul Loeb/AFP via Getty Images
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Have homebuyers adapted to higher interest rates?

by Amy Scott
Feb 2, 2023
Some analysts say acceptance plays a role in the recent increase of home sales.
Following mortgage rates north of 7% late last year, a 6% mortgage rate doesn't sound too shabby to some homebuyers.
Mario Tama/Getty Images
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