Mortgage

Home prices increased 2.6% from last year, Redfin reported. And a lack of housing inventory could be placing barriers to homeownership and driving up prices. Still, the Fed's doubts over a possible recession may fuel a housing rebound.

The average rate on the benchmark 30-year fixed mortgage climbed to 7.23% this week, the highest since 2001, according to the latest data from Freddie Mac.

Check out the mortgage purchase rates for August 22, 2023, which are mostly unchanged from yesterday.

Mortgages in delinquency returned to a historic low in May, while foreclosures remained at an all-time low, according to the latest mortgage delinquency report from CoreLogic.

Check out the mortgage purchase rates for August 18, 2023, which are unchanged from yesterday.

Rates for a 30-year fixed mortgage now average 7.09%, the highest since 2002, putting further pressure on the cooling housing market amid high prices.

Check out the mortgage rates for August 16, 2023, which are largely unchanged from yesterday.

Check out the mortgage purchase rates for August 15, 2023, which are unchanged from yesterday.

Check out the mortgage rates for August 14, 2023, which are largely trending up from Friday.

Home price growth slowed for the 12th straight month in May, CoreLogic reported. Still, home prices increased 1.4% year-over-year.

Although home prices across the U.S. fell by 0.5% annually in May, on a monthly basis, prices increased by 1.2%, according to the S&P CoreLogic Case-Shiller Indices report

Check out the mortgage rates for August 11, 2023, which are mixed from yesterday.

Mother-daughter real estate powerhouses Dolly and Jenny Lenz give a negative market outlook as homebuyers and sellers are "plagued" by "everything becoming so expensive."

Check out the mortgage purchase rates for August 10, 2023, which are largely unchanged from yesterday.

Check out the mortgage purchase rates for August 9, 2023, which are largely unchanged from yesterday.

Check out the mortgage rates for August 8, 2023, which are largely unchanged from yesterday.

Check out the mortgage rates for August 7, 2023, which are trending down from Friday.

Employment increased by 187,000 jobs in July, indicating a slower increase from last month. But despite a slowing in job growth and inflation, the Fed may keep raising interest rates this year.

Borrowers should act fast to lock in their preferred term, as interest rates are rapidly rising.

Mortgage rates increased again this week, with the average rate on the benchmark 30-year fixed mortgage climbing to 6.90%. The average rate on 15-year fixed mortgages rose to 6.25%.