Record-high home prices, declining consumer confidence and fears of recession are taking their toll on aspiring homeowners.
The next downturn may be different than the last. Look to commercial real estate for clues about the direction of the economy.
The Federal Reserve is expected to raise its key benchmark rate this coming week. What impact could it have on mortgage rates?
Borrowing costs tick up again as the Federal Reserve’s inflation policy has economists bracing for even higher rates in the future.
With inflation reaching a new high in June, the Federal Reserve will likely take more aggressive action. That could influence higher mortgage rates.
Mortgage rates are dropping as concerns mount over a possible economic recession.
The interest rate on the 30-year fixed mortgage fell this week, offering relief to home buyers who are reeling from escalating costs.
NAR economist says homebuying costs have increased $800 every month so far this year.
Borrowing costs have climbed to their highest level since 2008, sending shock waves through the housing market.
The Federal Reserve’s largest increase to its benchmark rate since 1994 could put more upward pressure on near-6% mortgage rates.
Search REALTOR® Magazine