News

For the past several months, the average 30-year fixed mortgage rate has sat between 6.5% and 7%. Prospective homebuyers ...
The central bank is expected to keep rate cuts on pause this Wednesday. Here's what that means for mortgage rates.
Rejection rates dropped to 15% in June, down from 42% in February. That February figure was the highest on record going back ...
Opendoor's flawed business model struggles amid rising mortgage rates and housing downturns. Click here to read an analysis ...
The Trump administration has ramped up its attacks on Fed Chairman Jerome Powell in the past few weeks as the president pushes for lower interest rates. The louder he shouts, the less likely he is to ...
The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%.
Frustrated homeowners are converting properties into rentals due to stalled sales, increasing competition for institutional ...
Longer-term interest rates do not always decrease when the Fed cuts short-term rates. Following the Fed's cuts last year, ...
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
On the bright side, however, rates have stayed within a tight range between 6.7% and 6.9% for much of the past six months. Most industry experts expect this trend to continue through the end of the ...
Higher-for-longer policy interest rates make this the best backdrop for earning income in bonds in two decades. Click to read ...