Mortgage rates moved higher this week, as Treasury yields moved off of last week’s low as investors had concerns not just over the Iran ceasefire but also inflation. Processing Content The 30-year fixed rate mortgage averaged 6.49% as of July 9, the Freddie Mac Primary Mortgage Market Survey reported. This was up from last week […]
Mortgage rates increase behind Iran, inflation worries Read More »
Midyear forecasts expect home prices to slowly tick up this year, as mortgage rates and inflation remain elevated. Processing Content Realtor.com’s latest forecast projects prices will grow 1.2% in 2026, lower than its original estimate of 2.2% and well below the current pace of inflation, meaning home values are declining in real terms. Veros Real
Forecasters trim home price growth predictions as inflation bites Read More »
Sales of previously owned US homes slipped back in June, dragged down by stubbornly high mortgage rates that have kept the housing market stuck in a yearslong slump. Processing Content Contract closings fell 2.4% to an annualized rate of 4.09 million last month, data released Thursday by the National Association of Realtors show. That fell
Existing home sales dip as affordability concerns linger Read More »