Economists say increases are likely to continue over the next few months.
Higher borrowing costs aren’t scaring off buyers, suggesting home sales activity will remain strong through fall.
Many sellers’ concerns about government-backed mortgages may be outdated. Help get them on the right page.
The rapid rise in home prices over the past year is prompting Fannie and Freddie to revisit the maximum size of home mortgages it’ll back for 2022.
Home buyers and refinancing homeowners get another chance at locking in ultra-low rates.
Large increases in home prices have given many struggling borrowers a larger home equity cushion, making foreclosure far less likely.
Offering a slight relief for home buyers, the average 30-year fixed rate mortgage fell to 3.09% this week.
Freddie Mac announced a new program to help renters build credit by reporting on-time rental payments to the three major credit bureaus.
The Fed announced on Wednesday it would taper its purchases of bonds and mortgage-backed securities, which is expected to push mortgage rates higher.
With borrowing costs expected to rise next year, many are looking to secure a home now, says NAR Chief Economist Lawrence Yun.
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