Market Desk
30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

Real Estate Today

Market Desk
30-Yr Fixed6.71%▲ 0.04 15-Yr Fixed5.88%▲ 0.02 Median List$429,900▼ 0.8% Existing Sales4.03M▲ 1.2% Housing Starts1.32M▼ 2.1% REITs · VNQ$91.20▲ 0.9% Case-Shiller324.1▲ 0.3% Active Inventory1.09M▲ 3.4%

Real Estate Today — Trending Real Estate News and Business

Mortgage Rates Near 7% Add Pressure for U.S. Homebuyers

Mortgage Rates Near 7% Add Pressure for U.S. Homebuyers

The average U.S. 30-year fixed mortgage rate reached 6.95% for the week ending September 17, according to Freddie Mac, up from 6.76% a week earlier. The increase raises borrowing costs for prospective buyers and comes as recent housing activity has remained affected by elevated mortgage rates. Key Takeaways Freddie Mac reported a 6.95% average 30-year fixed mortgage rate for the week ending September 17. The 30-year rate increased 19 basis points from 6.76% the previous week. The average 15-year fixed mortgage rate rose to 6.26% from 6.09%. Freddie Mac’s weekly survey covers conventional, conforming home-purchase loans for borrowers meeting its survey criteria. Higher mortgage rates increase the interest cost associated with financing a home purchase. Mortgage Rates Reach 6.95% in Latest Freddie Mac Data The average rate for a 30-year fixed mortgage rose to 6.95% for the week ending September 17, according to Freddie Mac’s Primary Mortgage Market Survey. The

U.S. Homebuilder Sentiment Falls to 12-Month Low

U.S. Homebuilder Sentiment Falls to 12-Month Low

U.S. homebuilder sentiment declined in September as higher mortgage rates weighed on sales conditions and buyer traffic. The National Association of Home Builders/Wells Fargo Housing Market Index fell three