US mortgage rates brush 7%, weighing on buyers, sellers and further straining a bleak housing marketMortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. Mortgage buyer Freddie Mac said Thursday that the benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week. One year ago, the average rate was 6.26%. The average rate on 15-year…The Atlanta Journal-Constitution1mo agoWhole story →BuildPlanet
What does a Fed rate hike mean for mortgage rates?Homebuyers face higher borrowing costs after the 30-year fixed rate for mortgages rose last week to its highest level in nearly two years. Don’t just blame the Federal Reserve.Spokane Spokesman-Review1mo agoWhole story →BuildEconomyfed rate hike
How are higher interest rates and rising prices affecting you?Last month, the Federal Reserve raised interest rates for the first time in more than three years, as it tries to bring inflation under control. But higher rates make borrowing more expensive for consumers and businesses — one reason mortgage rates have climbed to a three-year high in recent weeks.Cable News Network23d agoSources (2)Whole story →EconomyBuildfederal reserve rate hike
London Home Sellers Boost Asking Prices Again After Tough YearLondon home sellers raised their asking prices for a second month, with many taking an “enough is enough” attitude after a poor summer for the UK capital’s housing market, according to Rightmove.Bloomberg6d agoWhole story →
Regulations drive up Maryland housing costs, builders sayMaryland builders told lawmakers that regulations add 26.4% to new home costs, pricing thousands of families out of homeownership.Baltimore Sun1mo agoWhole story →Buildmaryland housing regulation hearing
US fixed 30-year mortgage rate jumps to 7.12%, MBA saysThe rate on the most popular US home loan rose last week to its highest in more than two years, after the Federal Reserve lifted short-term interest rates to combat inflation, and rising oil prices drove up Treasury yields that underpin residential borrowing costs.Reuters1mo agoWhole story →BuildEconomymortgage rate increase
Federal Reserve rate hike sparks home price reductions, experts sayThe real estate market is shifting after the Fed's rate hike pushed 30-year mortgage rates to 7.14%. Experts say sellers may need to cut home prices to close deals.Fox Business1mo agoWhole story →BuildEconomyfederal reserve rate hike
Why mortgage rates are rising even as Trump demands lower interest ratesPresident Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists sayLos Angeles Times29d agoWhole story →BuildEconomyfederal reserve rate hike
