May 19, 2024
Mortgage

Mortgage Rates Are Above 7%. How to Score a Lower One.

Mortgage rates have surpassed 7%, but buying a new home could net you a lower rate. About a quarter of buyers from home builder PulteGroup locked in rates as low as 5.75% in the first quarter, CEO Ryan Marshall said on the company’s first quarter earnings call last week.  “Our company’s ability to offer targeted

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Mortgage

Higher Mortgage Rates Could Weigh on Home Prices. This State Looks Most Vulnerable

Mortgage rates topped 7% this past week for the first time in 2024, according to Freddie Mac . The increase comes at a pivotal time for the U.S. housing market, which saw existing-home sales hit a near-30-year low in 2023 as costs rose. Higher rates could reduce buyer demand, slow price growth, further crimp sales,

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