Mortgage rates moved higher again Tuesday, extending a sharp September reversal that is putting fresh pressure on homebuyers just as the fall housing market gets underway.Bankrate’s national survey put the average 30-year fixed mortgage rate at 7.15% on Sept....
Mortgage rates opened the week around the 7% threshold, keeping housing affordability under renewed pressure just days after the Federal Reserve raised its benchmark rate and signaled that inflation remains the central obstacle to easier financial conditions. Daily...
Mortgage demand weakened for a second straight week as borrowing costs moved back toward 7%, reinforcing the pressure higher bond yields are putting on both home purchases and refinancing. The Mortgage Bankers Association’s Market Composite Index fell 4.1% on a...
Single-family home construction bounced back sharply in August, but the industry’s forward pipeline weakened at the same time — a split that complicates any argument that the summer slowdown has run its course. Builders started single-family homes at a...
The Federal Reserve’s first rate increase since 2023 was only part of the message housing professionals received Wednesday. The more consequential signal for the months ahead may be in the central bank’s updated economic projections: policymakers now see inflation...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
