Fixed mortgage rates move lower for the second week in a row

Fixed mortgage rates move lower for the second week in a row

This post was originally published on this siteThe 30-year fixed-rate average dropped to its lowest level in five weeks, falling to 5.1 percent.

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Biden administration unveils action plan to boost affordable housing

Biden administration unveils action plan to boost affordable housing

This post was originally published on this siteThe Biden administration is announcing an action plan Monday aimed at boosting the supply of affordable housing amid high inflation.

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Rising rates will cool the housing market. But a crash is unlikely.

Rising rates will cool the housing market. But a crash is unlikely.

This post was originally published on this siteHome sale prices are up 40 percent since the start of the pandemic. But with mortgage rates increasing, the days of such rapid price growth are almost certainly over.

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Property taxes on U.S. homes rose to $328 billion in 2021, report finds

Property taxes on U.S. homes rose to $328 billion in 2021, report finds

This post was originally published on this siteTOWN SQUARE | Homeowners may see their property taxes rise higher in 2022, one expert says.

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Rising mortgage rates starting to affect residential housing market

Rising mortgage rates starting to affect residential housing market

This post was originally published on this siteTOWN SQUARE | New, existing and pending home sales fell in March compared with a year earlier.

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Housing investments at risk as Build Back Better withers

Housing investments at risk as Build Back Better withers

This post was originally published on this siteThe path forward for the critical housing investments Democrats sought to protect in the Build Back Better Act (BBB) is getting murky, as uncertainty hangs over the party’s chances of passing its partisan package amid resistance from Sen. Joe Manchin (D-W.Va.). Democrats garnered...

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Mortgage rates slow their ascent ahead of next week’s Fed meeting

Mortgage rates slow their ascent ahead of next week’s Fed meeting

This post was originally published on this siteFor the first time in the past seven weeks, the 30-year fixed-rate average did not go up. It slipped to 5.1 percent this week.

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U.S. Home Prices Hit Record in March

U.S. Home Prices Hit Record in March

This post was originally published on this siteU.S. home prices reached a record $375,300 in March and sales of previously owned homes declined.

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Mortgage rates soar to their highest levels in 11 years

Mortgage rates soar to their highest levels in 11 years

This post was originally published on this siteThe 30-year fixed-rate average hasn’t been this high since February 2011.

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Mortgage rates keep climbing, show no sign of slowing down

Mortgage rates keep climbing, show no sign of slowing down

This post was originally published on this siteThe 30-year fixed-rate average rose for the fifth week in a row to 4.72 percent. Its 1.5 percentage point increase over the past three months is the fastest three-month rise since May 1994.

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