With home prices high, American families are grappling with the prospect that homeownership might remain out of reach for them for a long time.
The Fed sets short-term interest rates, but does not directly control mortgage rates, which tend to move in tandem with the yields on long-term bonds. Those long-term rates are dependent on investor ...
When rates rose at the end of 2024, buyers pulled back. Pending home sales, which refer to the number of contracts signed to purchase a home, fell 5.5% in December. It was the first drop in five ...
Rising costs and limited supply are reshaping the American dream of homeownership, forcing many to reconsider their housing ...
We’ll likely see more modest growth in home prices in 2025, a change from skyrocketing prices in recent years.
Mortgage rates actually increased and have remained a major hurdle for prospective home buyers. Car loans haven't downshifted much, and credit-card annual percentage rates, or APRs, have only crept ...
Before the pandemic hit in 2020, the typical mortgage payment was under $900. Fast forward five years and that monthly payment has surged 106%. Here's a look at why.
Policy changes: When the Fed adjusts the federal funds rate, it spills over into many aspects of the economy, including ...
The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little ...