Existing-Home Sales Rise 1.5% in September, but Mortgage Rates Threaten Rebound
Sales of previously owned U.S. homes rose in September for the first time since May, but the improvement left the market running below a 4 million annual pace for a second consecutive month. A fresh rise in mortgage rates now threatens to undercut even that modest...
Zillow: Pending Home Sales Fall 8.5% as Mortgage Rates Push Housing Market Into an ‘Early Winter’
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...
A Phil Hall Op-Ed: So, I Asked ChatGPT to Predict 2027’s Housing Market
A Phil Hall Op-Ed: Did you ever get the feeling that artificial intelligence is often more effective than genuine human intelligence? This explains why too many people are relying on AI tools to get input on everything from writing books to romantic advice. Thus, I...
Did Mortgage Rates Top 7%? It Depends on Your Data Source
Three different data sources are reporting an increase in mortgage rates, with two of the sources insisting the 30-year fixed-rate mortgage topped 7% for the first time in over a year. Freddie Mac (OTCQB: FMCC) reported the 30-year fixed-rate mortgage averaged 6.76%...
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