High inflation and rising rates prove lethal combination for housing market

foxbusiness.com Home prices in the U.S. are sinking at the fastest monthly pace since the Great Recession, evidence that rising mortgage rates are rapidly slowing activity in the housing market. Median home prices fell 0.98% in...

U.S. construction spending posts biggest drop in 1-1/2 years in August

investing.com WASHINGTON - U.S. construction spending fell by the most in 1-1/2 years in August, pulled down by a sharp decline in outlays on single-family homebuilding amid surging mortgage rates. The Commerce Department said on...

Typical mortgage payment has soared $337 in just six weeks as interest rates almost hit 7%

dailymail.co.uk The average US homeowner saw their monthly mortgage payment rise by 15 percent or $337, according to a shocking new report from Redfin. The seven percent rise in mortgage rates is the highest since just prior to the...

Typical mortgage payment has soared $337 in just six weeks as interest rates almost hit 7%

dailymail.co.uk The average US homeowner saw their monthly mortgage payment rise by 15 percent or $337, according to a shocking new report from Redfin. The seven percent rise in mortgage rates is the highest since just prior to the...

Purchase homes before interest rates move higher, expert warns

foxbusiness.com Josh Flagg, a real estate broker who stars in Bravo's ‘Million Dollar Listing Los Angeles’, is warning potential homebuyers to sign contracts before interest rates get any higher. Last week, the Federal Reserve...

Bounce In Futures Fizzles As Dollar Surge Returns

zerohedge.com Bounce In Futures Fizzles As Dollar Surge Returns If yesterday markets made little sense, when the dollar and yields slumped yet stocks and other risk assets tumbled alongside them in a puzzling reversal...

Personal Finance Daily: Most economists see the U.S. turning into a buyer’s housing market in 2023 and why Ian will rank among the worst hurricanes in Florida history

marketwatch.com Most economists see the U.S. turning into a buyer's housing market in 2023. Here's where you'll see the biggest declines in value. What happens when a global program allows Special Olympics athletes and their...

Mortgage Rates Hit 7%, Housing Prices Expected to Fall

nytimes.com The average 30-year fixed-rate mortgage reached 7.08 percent on Tuesday. Another survey, by the Mortgage Bankers Association, showed the rate averaging 6.52 percent. The rate is the highest reading since mid-2008,...

Economic Report: Mortgage rates march toward 7%, reaching highest level since 2007

marketwatch.com The 30-year fixed-rate mortgage averaged 6.7% as of Sept. 29. Mortgage rates are up 41 basis points from the previous week. They are now at highs last seen in mid-2007. The Federal Reserve is pushing up interest...

Economic Report: Mortgage rates march toward 7%, reaching highest level since 2007

marketwatch.com The 30-year mortgage rate is averaging 6.7%, Freddie Mac said in its latest weekly survey on Thursday.

Mortgage Rates Hit 7%, Housing Prices Expected to Fall

nytimes.com The average 30-year fixed-rate mortgage reached 7.08 percent on Tuesday. Another survey, by the Mortgage Bankers Association, showed the rate averaging 6.52 percent. The rate is the highest reading since mid-2008,...

US mortgage rates climb to 6.7%, highest for 15 years

theguardian.com The average on the key 30-year rate climbed to 6.7% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance...

US mortgage rates climb to 6.7%, highest for 15 years

theguardian.com The average on the key 30-year rate climbed to 6.7% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago. The average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance...

US mortgage rates climb to 6.7%, highest for 15 years

theguardian.com Mortgages rise for sixth straight week, threatening to sideline even more homebuyers as Americans struggle with cost of borrowingUS mortgage rates rose this week for the sixth straight week, marking new highs not...

Mortgage Rates Rise to 6.7%, Highest Since 2007 - WSJ

wsj.com The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders. It was the highest rate since July 2007 and marked the sixth week in a row of rising rates. A year ago, rates were...