Mortgage Rates
Mortgage rates are responding to the escalating war in Iran, jumping again for the second week in a row to reach a three-month high on the 30-year. Freddie Mac put the average at 6.22% for the week ending on Thursday, marking another disappointing development for prospective homebuyers standing on the sidelines waiting for rates to…
A lot of hopes have been pinned on mortgage rates going down this year, but it seems this new war with Iran is poised to be a check on additional benchmark interest rate cuts and an overall drag on housing market activity. “Economic uncertainty is not a position from which many people are interested in…
A record percentage of pending home sales fell through last month in what could either be a bad signal for the housing market or just discerning buyers flexing their renewed clout. Researchers at the listing website Redfin dug into December’s pending-sale data, and they found that more than 40,000 home purchase agreements were canceled last…
A solid majority of millennials still think home ownership is part of the American dream, but like everyone else, they are finding the current housing landscape challenging. Unlike Generation Z, though, they are more motivated and better situated to enter the market. Some 1,000 millennials who said they wanted to buy a home in 2026…
It has been a whirlwind of news on the mortgage rates front over the last few days as the 30-year note crossed a critical threshold. Meanwhile, the independence of Federal Reserve policy appears more under threat than ever amid a criminal investigation into the central bank’s chair. First, Mortgage Rates Last Thursday, President Donald Trump…
