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,
BOSTON – High mortgages rates, high prices and low inventory are making homes tough to sell in Massachusetts. Steepest drop in home sales in more than a year A two-bedroom apartment on Mansfield Road in Boston is for sale and broker Dante Brezzene and the Movement Group are working to find the right buyer. But
Affording a comfortable mortgage in North Texas can be a feasible option if buyers do their research and plan carefully. It’s becoming increasingly difficult to achieve the dream of owning a home in Dallas, as buyers now require an annual income of at least $121,398 in order to comfortably afford a mortgage. That’s an increase
“The gain in existing home sales was in line with our expectations given the decline in mortgage rates in November and December (when most of these sales would have gone under contract) and a pickup in mortgage applications,” said Nathaniel Drake, analyst at Fannie Mae’s ESR group. The ESR group noted that the surprise surge
A recent social media post from a North Texas real estate agent got the attention of our NBC 5 Responds team. A new home buyer closed on a house just before the new year, financing it with an interest rate of three percent. Average 30-year fixed rates are around seven percent on Monday. Read on
If you’ve been on the sidelines to buy a home, 2024 is looking better for you. After a year full of record-high interest rates and home prices, experts are seeing signs of improvement for the housing market in 2024. With interest rates slowly going down, there is a little more wiggle room in people’s budgets
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow