Duluth, MN

CBS News

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  In the post-pandemic era, homebuyers faced unprecedented challenges, as mortgage rates climbed to the highest levels since the early 2000s. Average rates in the 6.00% to 7.50% range left many would-be owners sitting on the sidelines, with 71% postponing their purchase in hopes of a future rate cut, according to BMO Financial Group. The high-rate environment also impacted the supply of homes, leaving fewer options for those still willing to buy. "It has certainly made borrowing more expensive, and discouraged...

How low could mortgage rates drop in 2025? Here's what experts say

Louisiana State

Connecticut State

Business Insider

Home prices continue to rebound around the country — especially in these two states.

The 2 hottest states to buy property in right now — and 3 where home price appreciation is being crippled by soaring insurance costs

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  It may be hard to believe now, but it wasn't that long ago that mortgage interest rates were near historic lows. On August 27, 2020, the average rate on a 30-year loan was 2.91%. One year later, it had dropped even further to just 2.86%. However, as the pandemic and influencing economic factors waned, inflation rose dramatically and by June 2022 it was at a 40-year high. Interest rates soon followed, and by August 2023, the average mortgage interest...

Here's when mortgage interest rates could fall below 6%

Markets Insider

The US housing market added over $3 trillion in value over the last year alone, per a Redfin analysis.

The US housing market is on the verge of hitting a record $50 trillion valuation as prices keep rising

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. KEY POINTS. Rising inventory may be good...

Bad News for Home Sellers May Be Good News for Buyers

Corcoran explains why homebuyers who wait for lower mortgages will end up paying more in the end.

Beware lower mortgage rates that could unleash a buying spree and push home prices higher, 'Shark Tank' investor Barbara Corcoran says

Forbes shares housing market predictions. According to Forbes, experts say the housing market will only see renewed momentum once mortgage rates drop enough to ease affordability challenges and incentivize homeowners locked in at low rates to move so inventory grows substantially to meet demand. Housing Market Forecast for 2024. U.S....

Housing Market Predictions for 2024: When Will Home Prices Be Affordable Again?

For a 30-year fixed-rate mortgage, the average rate you’ll pay is 6.57% today, up 0.02% over the last week. The average rate for a 15-year fixed mortgage is 5.99%, which is a decrease of -0.01% from the same time last week. For a look at mortgage rate movement, see the chart below.

Good News for Mortgage Rates as Inflation Falls Below 3%. Today’s Mortgage Rates, Aug. 14, 2024

These are today's mortgage and refinance rates. Mortgage rates finally dropped below 6% in August, and they're expected to continue falling this year.

Mortgage Interest Rates Today, August 28, 2024 | Rates Below 6% for the First Time This Year

Buyers are waiting to see how new rules on agent fees play out, and if mortgage rates and home prices drop further, according to Redfin.

Mortgage rates are falling, but there are 3 reasons buyers are still on the sidelines

Seattle, WA

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Maria Shimizu Christensen

So the big holiday weekend is here and the weather forecast is fantastic. If you haven’t already decided what you’re going to do, there’s plenty to choose from. Of course, there are some big events that we look forward to all year, but if huge crowds aren’t your thing, there are smaller happenings all over the region.

Big Events and Other Things To Do for Labor Day Weekend

Rates will need to decline another percentage point to entice buyers, Freddie Mac says. Mortgage rates continued their slow descent this week. The 30-year FRM averaged 6.46% Thursday, according to Freddie Mac’s Primary Mortgage Market Survey. That is down from last week when it averaged 6.49% and significantly down from a year ago when it averaged 7.23%.

30-Year Fixed-Rate Mortgage Down Three Basis Points

Even with declining mortgage rates, the number of pending home sales fell last month to the lowest level on record, a National Association of Realtors report reveals. NAR's Pending Home Sales Index shows that the number of pending home sales dropped 5.5% in July and was down 8.5% compared with a year earlier, reaching the lowest level since the index was first established in 2001.

Fewer people are purchasing homes, despite high demand—buyers are in 'wait and see' mode

Wyoming State

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Cheyenne, WY

WyoFile

WHITE MOUNTAIN—“That’s a lot of horses,” lamented Cheyenne resident Robyn Smith from a high-desert ridgeline. It wasn’t her first exasperated exclamation. “Argh, oh crap,” was her immediate reaction to learning a federal judge had given the Bureau of Land Management the OK to proceed with plans to fully remove two wild horse herds from the landscape in southwest Wyoming.

BLM wins two lawsuits, clearing way for elimination of two Wyoming wild horse herds

Rates on 30-year mortgages dropped 8 basis points Wednesday, lowering the flagship mortgage average to 6.25%. That's the lowest average we've seen in more than 16 months. Rates edged down for most other new purchase mortgage rates as well Wednesday. National Averages of Lenders' Best Mortgage Rates. Loan Type New...

Mortgage Rates Fall to New Low—Cheapest in Almost 17 Months

New York Post

Home prices hit a new record in June amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans.

Prices increased 5.4% nationally in June when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 5.9% pace recorded the previous month.

On a monthly basis, prices climbed 0.2%, according to the index.

“The upward pressure on home prices is making this the most unaffordable housing market in history,” said Lisa Sturtevant, Bright MLS chief economist. “First-time and moderate-income home buyers, in particular, increasingly are being left out...

Home prices hit record high in June: ‘Most unaffordable housing market in history’

Washington State

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Timothy A Gruver

Small game hunters and trappers must submit the lower jaw of bobcats they kill as part of the mandatory pelt sealing process, the Washington Department of Fish and Wildlife announced on Friday.

Bobcat Jaw Submission Now Required for Pelt Sealing

Montana State

To increase the genetic diversity of an island population of grizzly bears , Wyoming and Montana wildlife managers recently worked together to import fresh bloodlines into the Greater Yellowstone Ecosystem.

Two Montana grizzly bears trucked to Wyoming to bolster genetic diversity, help states’ delisting case

Kissimmee, FL

Akeena

One Dunkin’ Donuts location, known for its familiar aroma of coffee and donuts, found itself temporarily closed after a state inspection uncovered a few issues. Not all Dunkin’ locations are created equal. Take the one at 3745 Pleasant Hill Road in Kissimmee, for instance. This particular branch, despite its efforts to keep customers caffeinated and satisfied, has had its share of mixed reviews.

Florida's donut shop closed due serious violations after state inspection

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.35 percent. "Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates are expected to continue their decline and while potential homebuyers are watching closely, a rebound in purchase activity remains elusive until we see further declines."

Mortgage rate drops to impact home buying in Duluth

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