President Donald Trump’s recent tariffs on imported goods are poised to influence the U.S. housing market in several key ways: Rising Construction Costs: Tariffs on materials like lumber and steel are increasing building expenses, potentially leading to higher home prices. Fluctuating Mortgage Rates: Economic uncertainties from the tariffs have caused mortgage rates to dip recently,
Finding a home isn’t getting any easier as the decade moves on, especially for first-time homebuyers. Nationally, median home prices over the past five years have increased by nearly 50%, 30-year mortgage rates have nearly doubled, and the number of homes available for purchase have fallen by a third. Not a happy confluence of trends
As a homeowner, there are lots of ways to access your home equity. You can take out a home equity loan or HELOC, apply for a cash-out refinance, or — if you’re a senior — get a reverse mortgage. Reverse mortgages are a unique option because they require no monthly payments. Instead, you receive payments
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.78% No Change FHA 30-Year Fixed 7.26% No Change VA 30-Year Fixed 6.27% No Change 20-Year Fixed 6.48% -0.01 15-Year Fixed 5.88% +0.02 FHA 15-Year Fixed 6.60% No Change 10-Year Fixed 5.93% No Change 7/6 ARM 7.24% -0.08 5/6 ARM 7.20% -0.05 Jumbo 30-Year Fixed 6.73%
CHICAGO (WLS) — A South Side woman is pleading for help after she said squatters moved into her home, refusing to leave. The ABC7 I-Team has been covering alleged squatting cases for weeks. The new case is being described by the homeowner as “next-level squatting.” She and her husband said a person inside is posing
Since we believe in the close relationship between the 10-year yield and mortgage rates, we expect mortgage rates to decrease tomorrow if bond yields continue to decline. Here’s what the bond yields looked like on Wednesday afternoon: My bottom range forecast for the 10-year yield in 2025 is 3.80%. At 4.11%, it marks the lowest
Declaring it a “Liberation Day” for American workers, President Donald Trump on Wednesday announced sweeping new tariffs that could impact home prices and mortgage rates. “Our country and its taxpayers have been ripped off for more than 50 years, but it is not going to happen anymore,” Trump said in remarks at the White House’s
Anyone chasing the dream of homeownership, get ready to clock in — and not just metaphorically, but literally. According to new data from Realtor.com, the average American must now work 10 full days a month to afford a median-priced home, which currently stands at a cool $412,000. In some corners of the country, that commitment
(NewsNation) — A typical monthly housing payment hit a record high of $2,807 during the last four weeks ending March 23, according to a study by Redfin. The 5.3% increase is a result of the average cost of home prices going up roughly 3% annually and mortgage rates sitting at 6.6%. “Buyers are cautious because they’re
If Fannie Mae is right, house hunters who wait to pull the trigger on a new home until later this year may be rewarded with lower mortgage rates. But waiting until 2026 may not provide much additional relief. That’s the upshot of a housing report released Friday by Fannie Mae, a government-sponsored enterprise that buys mortgages to