How Mortgage Rate Changes Impact Your Homebuying Power
If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need to know. Wh
What’s Up with Real Estate? National news and local views for the week ending Friday, July 26, 2024
National Real Estate News Fed to meet next week The market is convinced that the Fed will begin cutting short-term interest rates in September, but there's still a chance for a July 31 surprise. Overall, the market is looking for 50-75 basis points (0.50-0.75%) of rate cuts before year-end 2024. And
Mortgage Rates Are Falling—Will Buyers Bite?
Loan applications for home purchases remain sluggish, despite recent drops in borrowing costs. © kate_sept2004 - E+ / Getty Images The 30-year fixed-rate mortgage fell to a 6.77% average this week, its lowest level since mid-March and the biggest weekly drop in basis points since May, Freddie Mac re
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