After crossing 7% in mid-January, the 30-year mortgage rate appears to be back on a favorable track, settling at 6.63% as of March 6. This marks the sixth consecutive weekly decline in mortgage rates,...
U.S. mortgage rates rose this week to 6.72%, ending a three-week streak of declines, as the Federal Reserve’s updated projections hinted at a slower pace of rate cuts in 2025. The 30-year fixed-rate...
U.S. single-family housing starts surged 6.4% in November, rebounding strongly after hurricane-related disruptions earlier in the year. The South, the most densely populated region, accounted for much...
After being on a downward trend, falling from 7.22% in May to 6.08% in late September, the 30-year mortgage rate reversed course in November. The rate rose sharply to 6.84% late last month, following the...
The housing sector has been building up strong momentum in recent weeks, thanks to a flurry of upbeat data, lower mortgage rates and Fed rate cuts. iShares U.S. Home Construction ETF ITB, SPDR S&P Homebuilders...
After being on a downward trend, falling from 7.22% in May to 6.09% in mid-September, the 30-year mortgage rate reversed course, rising sharply to 6.79% in early November. This discouraged home buyers...
While the 30-year mortgage rate has improved and is again on a downward trajectory, it is crucial to acknowledge that it is still relatively high. However, mortgage rates are currently at 6.08% (as of...
According to Freddie Mac, for the week ending Sept. 12, the 30-year fixed-rate mortgage slipped to its lowest level since February 2023. The rate on the 30-year loan averaged 6.2%, down from the four-week...