The U.S. housing market has remained stagnant, with just 25 out of every 1,000 homes changing hands in 2024, according to recent data from real estate firm Redfin.  The first eight months of the year marked the lowest turnover rate in at least 30 years, according to Redfin, which conducted…

Mortgage rates barely moved this week, but long-term notes declined to the lowest levels Americans have seen since 2022. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.08% from last week’s reading of 6.09%. The average…

Mortgage rates declined again this week, sparking a subtle boost in demand for purchase and refinance applications.  Still, many buyers continue to hold off on making a move while waiting for steeper cuts, as fresh data shows existing home sales eased in August from the month before.Freddie Mac’s latest Primary…

Many Americans have been priced out of purchasing a home or making a move for years now amid elevated mortgage rates, sky-high home prices, and squeezed budgets due to inflation. Although mortgage rates have started to decline some in recent months, the housing market has been largely stalled as would-be…

Mortgage rates fell this week to the lowest levels in over a year and a half, but elevated rates and high home prices are still keeping would-be buyers and sellers out of the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on…

Long-term mortgage rates remained unmoved this week while shorter notes fell some, but did little to spur on demand. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage held steady at 6.35%. The average rate on a 30-year loan was…

Mortgage rates moved up a bit this week but are still at the lowest point they have been in more than a year. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage edged up to 6.49% this week from 6.47%…

Mortgage rates are still uncomfortably high for many would-be homebuyers and sellers, but recent declines have contributed to a significant boost in demand for refinancing. The Mortgage Bankers Association (MBA) reported Wednesday that refinancing applications soared 35% last week, when rates for the average 30-year and 15-year fixed-rate mortgages hit…

Mortgage rates dipped a bit this week, still holding steady around the mid-6% range while demand remains weak in the housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.46% this week from 6.49% last…

Mortgage rates are down again this week, but remain too high to spark any significant movement in the housing market as the affordability crisis remains set in. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.35% this…