Focus
high mortgage rates
US Existing Home Sales Fall to Near 30-Year Low
The decline in sales happened as mortgage rates rose and made homes more expensive for buyers.
Mortgage Rates Decline for 9th Straight Week as 2023 Registers Home Affordability Crisis
Mortgage rates are expected to remain elevated in a range of around 6 to 7 percent in 2024.
Homebuyers Struggle as Mortgage Rates Hit Highest Level Since 2000
To afford a median-priced home, a buyer’s annual income must now be 50 percent higher compared to the early pandemic period.
Housing Groups Urged the Fed to Stop Raising Interest Rates as the Industry Suffers
The move comes as the Federal Reserve has increased interest rate 11 times since March 2022 in an effort to combat inflation.
