Barbara Corcoran predicted mortgage rates will hit ‘a magic number’ and send housing prices ‘through the roof’ — here’s how to set yourself up today We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Although many anxious Americans
Mortgage rates have remained high this week. While we probably won’t experience dramatic spikes anytime soon, it’s unlikely that we’ll see significant drops, either. A huge indicator of when mortgage rates will go down is when the Federal Reserve lowers the federal funds rate. Although the Fed’s rate doesn’t directly impact mortgage rates, it is
If you’re thinking of buying a home, there’s no day like today to make the move, says Barbara Corcoran. The rate on the benchmark 30-year fixed mortgage declined slightly to 6.79% last week, well below October’s peak of 7.79%, according to Freddie Mac. For homebuyers, the prospect of waiting for lower borrowing cost might seem
NoDerog / Getty Images/iStockphoto It’s no secret that mortgage rates have been ballooning lately, affecting both homebuyers and sellers — many of whom feel locked in by the lower rates they secured a few years ago. In turn, the dearth of inventory is putting pressure on home prices, leaving many would-be buyers on the sidelines.
Mortgage rates on 30-year terms continue their climb back to nearly 7.0% as of Friday, March 22, 2024, in the wake of the Federal Reserve’s hold on the benchmark interest rates. The Fed concluded its most recent meeting this week by holding the federal funds target interest rate at 5.25% to 5.50%, the fifth consecutive
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product reviews. Mortgage rates are up compared to where they were a week ago. Average
David Gyung / Getty Images/iStockphoto Young Americans feel the FOMO (fear of missing out) as they eye homeownership in a market where steeper mortgage rates are becoming the norm. For Gen Zers weary of the relentless rental cycle, the appeal of owning real estate outweighs the financial obstacles. Owning a home not only displays financial