According to the Optimal Blue Mortgage Market Indices, 30-year conforming rates crossed 7% for the first time since November 2022, before falling sharply and then rebounding to 6.88% Overall rate lock volumes were down 7% month over […]
LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed to a new high for the year this week, pushing up borrowing costs for home buyers already facing heightened competition in a housing market short on […]
US home prices dropped for the fifth month in a row in November, as rising mortgage rates pushed prospective buyers out of the housing market late last year and prices continued to cool, according to […]
New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% […]
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