Homes in 97% of U.S. cities are overvalued, Moody’s says
Home values in 97% of U.S. cities are overvalued, and real estate in some of the most overpriced regions could fall by 10% over the...
Is it a good time to buy a home? No, most Americans say
It is not exactly surprising, given the stunning jumps in both home prices and mortgage rates, but Americans have never been more bearish on buying...
‘Buyers of a median-price home are looking at a monthly mortgage payment that is almost 50% higher than it was a year ago.’ The 30-year mortgage rate dips slightly to 5.1%
The interest rate on the country’s benchmark mortgage product edged downward for the first time since early March, but that doesn’t mean the housing market...
Decade-High Mortgage Rates Pose Threat to Spring Housing Market
U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace...
Mortgage forecast lowered as rates soar, refinancing falls
The nation’s mortgage bankers are scaling back their expectations for the year as rapidly rising rates make it even more expensive to buy a home....
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans: WSJ
The market is finally getting the message that the era of cheap money is ending. Just look at mortgage rates. At the beginning of 2022,...
Rising mortgage rates cause more home sellers to lower asking prices
Several new reports from real estate companies suggest buyers may be starting to get a break in this red-hot housing market. More listings are coming...
Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
Mortgage rates took another jump higher last week, taking their toll on current borrowers who might have wanted to refinance. Demand from homebuyers, however, appears...
Mortgage refinance demand plunges 14%, as interest rates spike higher
A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared...
Mortgage rates are surging faster than expected, economists lower home sales forecasts
A home is offered for sale on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images The average rate on the popular 30-year...