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The reversal after declines over the last three weeks has economists closely watching for the Fed’s anticipated rate hike next week.
The interest rate for the 30-year fixed-rate mortgage averaged 5.09% this week, continuing to inch down slightly.
Recent home buyers say they felt rushed to make a purchase decision due to market pressure and have concerns about their mortgage, a new study shows.
Overall mortgage demand—which includes refinancings and home purchases—has fallen to its lowest level since 2018.
Some buyers are being drawn to adjustable-rate mortgages for potential savings up against rising rates, but those savings do come with risks.
Shopping around for a mortgage before you buy can help save tens of thousands of dollars over the lifetime of your loan, says LendingTree.
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