A gauge of US homebuilder sentiment declined for a ninth straight month in September as mortgage rates continued to climb, further accelerating the housing-market cool-down. The National Association of Home Buyers/Wells Fargo gauge decreased by three points to 46, figures showed Monday. Homebuilder sentiment has fallen every month this year, the longest stretch of declines… Continue reading U.S. Homebuilder Sentiment Falls for a Ninth Month in Record Slide
Tag: mortgage rates
As Mortgage Rates Rise, Home Prices Hit a New High in March
In March, home prices in the United States reached a new high of $375,300, as mortgage interest rates rose and a lack of available homes stymied buyers. Prices rose despite a drop in previously owned home sales in March. The National Association of Realtors reported Wednesday that existing-home sales fell 2.7 percent in March from… Continue reading As Mortgage Rates Rise, Home Prices Hit a New High in March
Mortgage Rates Top 4% for the First Time Since 2019
The era of ultralow mortgage rates has come to an end. According to Freddie Mac, the average 30-year fixed mortgage rate has surpassed 4% for the first time since May 2019. The average interest rate on America’s most popular home loan was 3.22 percent at the start of the year. It fell to a record… Continue reading Mortgage Rates Top 4% for the First Time Since 2019