Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices have continued to climb despite slower sales volume, posting 17
How to Get a Mortgage Rate Under 3% as Rates Climb Above 7%
Mortgage rates are now above 7 percent, but there are still options for securing a rate in the 3 percent range or lower
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting affordability challenges.
Mortgage rates climb to 7.04% — highest in 8 months
For buyers with a $600,000 loan, the monthly mortgage payment is now $4,008. That’s higher than the $3,628 monthly payment for buyers who locked in rates when the average hit a two-year low at the end of September.
Kentucky housing market slows as mortgage rates climb above 7%
KENTUCKY, USA — The Kentucky housing market is slowing down as mortgage rates topped 7% this week. On Thursday, the Kentucky Association of REALTORS (KYR) released the latest housing market data for December 2024, revealing difficulties in the landscape.
The Income Needed in Each State To Afford a Starter Home at a 7% Mortgage Rate
Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164,
US 30-year mortgage rate tops 7%, highest since May 2024
MSCI's global equities gauge rose on Thursday, while Wall Street indexes closed lower and U.S. Treasury yields fell after a mixed bag of economic data and Federal Reserve official comments suggesting more interest rate cuts on the horizon.
US Mortgage Rates Top 7%, Reach Highest Since May of Last Year
US mortgage rates topped 7% last week, reaching the highest level since early May and extending a months-long advance that risks restraining the housing market.
Average mortgage rate tops 7% for first time since May
The Fed is tapping the brakes on interest rate cuts because inflation remains stubbornly high. That's pushed mortgage rates higher.
Mortgage rates rise above 7% for first time since May
Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time ...
30-Year Mortgage Rate Rises Above 7% for First Time Since May
The average rate on 30-year fixed-rate mortgages surpassed 7 percent for the first time since May, Freddie Mac reported on ...
Mortgage rates rise past a key mark, signaling bad news for home buyers
The 30-year mortgage rate inched up for the fifth week in a row, Freddie Mac says, making it more expensive to take on a ...
Current Refinance Rates: January 13, 2025—Rates Climb
The rate on a 30-year fixed refinance rose today. The average rate for refinancing a 30-year fixed mortgage is currently 7.50 ...
New York Post9d
Mortgage rates climb for 4th straight week — to the highest level in 6 months
The average long-term US mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week ...
Nigerian Tribune1d
US: Mortgage rates climb above 7%, highest level since May 2024
Mortgage rates in the United States have surpassed the 7% mark, reaching their highest level since May 2024. According to ...
Hosted on MSN1d
U.S. Mortgage Rates Climb Above 7%, Highest Since May
The dream of homeownership is slipping further away for many Americans as mortgage rates continue to climb, with the 30-year ...
Mortgages Rates See Large Two-Day Drop
After recently shooting up to the most expensive level since May, 30-year mortgage rates have fallen considerably the last two days. Most other loan types also saw declines.