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Housing Market

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January mortgage rates forecastMortgage rates might rise modestly in January, reaching their 2023 peak before settling lower the rest of the year.If mortgage rates do rise in January, they will do so in response to two things:A stubbornly high inflation rate.Uncertainty about what the Federal Reserve will do at its next monetary policy meeting, which...

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January mortgage rates forecastMortgage rates might rise modestly in January, reaching their 2023 peak before settling lower the rest of the year.If mortgage rates do rise in January, they will do so in response to two things:A stubbornly high inflation rate.Uncertainty about what the Federal Reserve will do at its next monetary policy meeting, which...

Stocks fell broadly on Wall Street and Treasury yields rose Thursday afternoon after another hot reading on the job market raised worries that the Federal Reserve will need to continue inflicting pain on the economy in order to fight inflation.

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Mortgage rates fell for the third consecutive week ending December 1, but they weren’t enough to encourage home shoppers to re-enter the market—mortgage applications and pending home sales remain at anemic levels. The average 30-year, fixed-rate mortgage slipped to 6.49% for this week, according to Freddie Mac. The rate fell 9 basis-points from last week’s […]

This last year has been tough for a lot of people, and it goes way beyond the pandemic, as we all know. Here are some things you can be grateful for, even in the middle of chaos.

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Mortgage rates have taken a nosedive this week following a better-than-expected monthly inflation reading. Nonetheless, elevated home prices, depressed buyer demand and low builder confidence indicate the housing market has a ways to go before it finds balance. The average 30-year, fixed-rate mortgage plummeted to 6.61% for the week ending November 17, from 7.08% last […]

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Mortgage rates have shot back over 7% to the identical record-high mark set in late October, keeping borrowers on the sidelines amid ongoing market fluctuations and recession fears. The average 30-year, fixed-rate mortgage rose to 7.08% for the week ending November 10, according to Freddie Mac. Mortgage rates have made a 13 basis-point jump from […]

Mortgage rates moved closer to 7% this week amidst a perfect storm of recession fears, stubborn inflation and the hint of more Federal Reserve interest rate hikes, further dampening housing market outlooks for at least the near future. The average 30-year, fixed-rate mortgage inched up to 6.94% the week ending Oct. 20, according to Freddie […]

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Mortgage rates surged close to 7% this week, breaking another record-high not seen in two decades as inflation pressures mount and home shoppers retreat even further from the housing market. The average 30-year, fixed-rate mortgage jumped to 6.92% the week ending Oct. 13, according to Freddie Mac. The most popular mortgage product jumped 26 basis […]

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