USA The 30-year mortgage rate in the U.S. has jumped to 7.79%, the highest it’s been since 2000. This spike is making homes less affordable for many buyers, putting pressure on the housing market. While home sales have held up so far, experts are concerned that if rates keep climbing, buyer demand could start to…

USA The 30-year mortgage rate in the U.S. has climbed to 6.54%, its highest since early August. While buyers face higher costs, new home sales jumped in September to their fastest pace in over a year, showing strong demand in the market despite rising rates. Source: Mortgage Rates in U.S. Rise for Fourth Week, Climbing to…

USA The U.S. is facing a growing housing crisis, with an estimated 5.6 million vacant homes despite high demand in the housing market. Vacancy rates have surged as affordability worsens due to rising mortgage rates and limited supply. This disconnect between available homes and potential buyers continues to pressure the market, contributing to the ongoing…

USA  U.S. mortgage rates rose to 6.32% for a 30-year fixed loan, the biggest increase since April. Freddie Mac’s economist noted that the rise reflects economic strength, despite higher rates making affordability tougher. While some buyers may hesitate, others are advised to act now since lower rates may not return soon. Melissa Cohn suggests focusing…

USA For the first time in seven weeks, U.S. mortgage rates increased, with the average 30-year fixed rate rising to 7.31% in September 2024. Despite this, borrowing costs remain lower than earlier in the year when rates reached 7.22% in May. This rise is attributed to broader economic factors, including inflationary pressures, which may continue…

USA Mortgage rates in the U.S. have dropped for three consecutive weeks, hitting the lowest level in two years. This decline could make home buying more accessible, particularly in areas where borrowing costs had been a significant concern. However, affordability issues persist in certain regions, like Florida, where rising insurance premiums add to homeownership costs.…