Mortgage

A surge in homebuilding and builder incentives has made newly built homes more affordable than existing homes in many markets, according to a new Zillow analysis.

The average rate on a 30-year fixed mortgage rose this week to 7.28%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 7.03%.

Record price cuts hit 20.8% of listings in September, but rising mortgage rates are keeping buyers on the sidelines as pending sales fall 4.1%.

The Federal Reserve's latest rate hike is likely to increase borrowing costs for many consumers, while high-yield savings account rates could gradually rise.

The average rate on a 30-year fixed mortgage rose this week to 7.03%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.95%.

Austin, Tampa, and Memphis led the nation in home price declines as pandemic boomtowns continue giving back gains amid rising inventory levels.

The average rate on a 30-year fixed mortgage rose this week to 6.71%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.

Out-of-town shoppers accounted for more than two-thirds of new-home views in the second quarter, as affordable Florida markets drew some of the strongest interest in the country.

Austin and Sacramento top a list of seven metro areas where renting vs buying data shows renters saving over $1,000 per month on housing costs.

The average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.

Hui Ka Yan received a life sentence as China Evergrande Group was fined over $2.3 billion for inflating assets and concealing massive liabilities.

The Federal Reserve Bank of New York reports 4.7% of outstanding consumer debt is delinquent, with credit cards and auto loans at elevated levels.

The average rate on a 30-year fixed mortgage fell this week to 6.67%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.69%.

High mortgage rates and a weakening labor market are squeezing first-time homebuyers who struggle to save for down payments as wages fail to keep pace with inflation.

A seven-figure price tag is becoming increasingly common as rising home values redefine what counts as luxury across the U.S. housing market.

The average rate on a 30-year fixed mortgage rose this week to 6.69%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.66%.

HOA foreclosures are climbing nationwide as financially strained associations facing rising insurance and maintenance costs crack down on homeowners behind on dues.

The average rate on a 30-year fixed mortgage rose this week to 6.66%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.58%.

The 30-year fixed mortgage hit 6.58% this week, its highest level in nearly a year, as the conflict between the U.S. and Iran pushes oil prices higher.

The income needed to afford a typical starter home has jumped from $43,000 to $78,000 since 2019, with monthly payments up more than 80%.