America’s housing market lost momentum before the calendar reached winter. Newly pending home sales fell 8.5% from a year earlier in September as mortgage rates climbed to their highest level since late 2023, according to Zillow’s September Market Report. The pullback...
U.S. employers added just 29,000 jobs in September, a sharp slowdown from August that pushed Treasury yields lower Friday morning and gave the mortgage market a measure of relief after this week’s surge in borrowing costs. The Bureau of Labor Statistics reported...
Mortgage rates surged again this week, with Freddie Mac’s benchmark 30-year fixed rate climbing 25 basis points to 7.28%, its highest reading in nearly three years. The 30-year fixed-rate mortgage averaged 7.28% as of Oct. 1, up from 7.03% a week earlier, according to...
Mortgage rates moved higher again Tuesday, pushing the daily average for a top-tier 30-year fixed mortgage to its highest level in nearly three years and adding another affordability headwind for a housing market already contending with elevated borrowing costs....
For homebuyers trying to set a price ceiling before they are ready to lock a mortgage rate, the number may be less fixed than it looks. A new Realtor.com analysis of mortgage-rate changes since 2000 found that a buyer planning a purchase 12 months in advance would...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
