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
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,
Liu Jianguo, a 47-year-old teacher in the second-tier city of Guiyang, considers himself lucky. He lives in a sliver of China where the property market isn’t withering. “I have friends in the big cities,” he said. “They are aware they’re in a bad place for buying or selling real estate.” New home prices in China’s