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Stories Tagged as

Mortgage rates

Renting is now cheaper than owning in most of the country

by Samantha Fields
Jan 20, 2023
A new report from ATTOM says it's now cheaper to rent than own a place in most parts of the country.
A new report says that renting a place in most of the country has become cheaper per month than owning. 
Frederic J. Brown/AFP via Getty Images
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High mortgage rates, recession fears: Who actually wants to buy a house in 2023?

by Matt Levin
Dec 29, 2022
Pending home sales have dipped, and economists expect the market to continue to droop.
"Overall annual sales next year will be lower," said Lawrence Yun of the National Association of Realtors. 
Brendan Smialowski/AFP via Getty Images
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The housing market was a roller coaster ride this year

by Lily Jamali
Dec 21, 2022
Those looking to buy have spent much of 2022 adjusting and readjusting to higher mortgage rates.
This week's housing numbers weren't a good sign for the market, but there's hope a slowing of interest rate hikes could breathe life back into the sector.
Mario Tama/Getty Images
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The Fed is easing up on interest rate hikes. Here's how that could affect the economy.

by Justin Ho
Dec 14, 2022
The rates on some types of loans have already been coming down.
Interest on certain types of loans, like mortgages, have already been coming down.
Allison Dinner/Getty Images
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Here's why mortgage rates have been falling

by Matt Levin
Dec 7, 2022
While the Fed has continued to hike interest rates, the average interest rate on a 30-year fixed rate mortgage has dropped from 7.16% to 6.4%.
When there’s a big surge in investor demand for mortgage bonds, "the price goes up, the rate goes down, and that trickles through to what the homeowners will see," said Jeana Curro at Bank of America.
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More homes are sitting in Cleveland's real estate market, this broker says

by Amy Scott and Anais Amin
Nov 10, 2022
"The average days on market has gone from less than a week up to about 89 days," says broker Amanda Pohlman of Keller Williams Living.
"The market just isn't as robust as it has been," said Cleveland-based broker Amanda Pohlman.
Joe Raedle/Getty Images
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U.S. mortgage rates top 7% for the first time in 2 decades

by Associated Press
Oct 27, 2022
Many potential homebuyers have moved to the sidelines as mortgage rates have more than doubled this year.
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How the U.K.’s short-term fixed-rate mortgages are causing deep worry

by Stephen Beard
Oct 26, 2022
The recent firestorm over the British government’s fiscal policies highlighted the vulnerability of some mortgages in the United Kingdom.
Brits typically fix their mortgage interest rates on two- or five-year terms. Many are fearing refinancing because of the recent spike in U.K. interest rates.
Niklas Halle'n/AFP via Getty Images
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As the housing market cools off, buyers have "room to breathe"

by Meghan McCarty Carino
Oct 24, 2022
Rates are near 7% for a 30-year fixed mortgage, highest in two decades. For buyers who can afford it, shopping is less stressful.
Listings are staying on the market for about 19 days now, according to Zillow. That's much longer than in the spring.
Joe Raedle/Getty Images
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The mortgage business right now is even slower than 2008

by Kai Ryssdal and Andie Corban
Oct 12, 2022
Los Angeles mortgage broker Vivian Gueler says high rates, high home prices and a weak stock market are stopping people from buying homes.
High mortgage rates, among other factors, have chilled the recently hot real estate market.
Federic J. Brown/AFP/Getty Images
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