New York City, NY

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

The Motley Fool

For young home buyers, 4% mortgage rates may feel "normal," but they're not. Keep reading to learn whether you can count on them to be that low again.

Will Mortgage Rates Ever Be as Low as 4.00% Again?

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire. A sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages. Quotes vary based on credit scores, points and other factors.

Mortgage rates take a dive

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

New York Post

US single-family homebuilding dropped to near a 1-1/2-year low in July due in part to Hurricane Beryl’s disruption of activity, but rising new housing supply could limit a rebound.

The fifth straight monthly decline in homebuilding reported by the Commerce Department on Friday suggested the housing market remained depressed at the start of the third quarter. 

Aside from the weather, the housing market remains constrained by higher mortgage rates and house prices.



“Even though lower interest rates should provide ongoing support to new home sales, the existing oversupply in some regional markets could be a bigger constraint than we previously anticipated,” said Paul Ashworth, chief North America economist...

Construction of new homes slumps for 5th straight month despite drop in mortgage rates

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Trailer Empire

As America’s housing market navigates the shifting tides of mortgage rates, a promising new chapter is on the horizon. Recent declines in mortgage rates have opened the door to transformative changes in the real estate landscape, signaling a potential revival in both buying and selling activities.

Real Estate Market Set to Transform: What to Expect When Mortgage Rates Fall

CBS News

U.S. mortgage rates are now at their lowest point in 15 months and experts say they could continue to drop with the Federal Reserve expected to slash the federal funds rate next month. CBS News business analyst Jill Schlesinger has more.

U.S. mortgage rates in decline with Fed expected to cut interest rates next month

Mental_Floss

Trying to find an affordable house in Vermont or New Jersey is tough right now, but those aren’t the only states in the U.S. where home prices are on the rise.

10 States Where Home Prices Are Rising the Fastest

Business Insider

These are today's mortgage and refinance rates. Mortgage rates are down significantly this week, opening the door for some homeowners to refinance.

Mortgage Interest Rates Today, August 9, 2024 | Rates Drop to 15-Month Low. Is It Time to Refinance?

Louisiana State

Connecticut State

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

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

As mortgage rates fall, refinancing applications soared 34.5% last week to the highest level in over two years, according to the MBA.

Borrowers are rushing to refinance their mortgages as rates tumble to the lowest level in over a year

Colorado State

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David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Lenders have been lowering their rates ahead of a hoped-for interest rate cut in August.

Mortgage rate hopes as one lender offers below 4%

Ohio State

The Lantern

On Tuesday, licensed Ohio dispensaries began legally selling non-medical marijuana to consumers; however, the drug’s possession, growth and/or usage are still prohibited on Ohio State’s campus. Credit: Jefferee Woo/Tampa Bay Times/TNS [Original caption: Four citizen-led petitions with proposals to update Dallas’ charter hit the 20,000 valid signature threshold to make it on the Nov. 5 election ballot, including one that would ban police officers from arresting or citing people carrying less than four ounces of marijuana.] As of Tuesday, students 21 and older can now legally purchase marijuana in Ohio.

Dispensary sales of recreational marijuana began Tuesday; possession and usage still prohibited on Ohio State’s campus

The states with Wednesday's lowest 30-year new purchase mortgage rates were New York, California, Florida, Colorado, Oregon, Tennessee, Texas, and Wisconsin. Meanwhile, the states with the most expensive averages Wednesday were Washington, D.C., West Virginia, Maryland, South Dakota, South Carolina, Vermont, and Virginia. Mortgage rates vary by the state where...

Today's Mortgage Rates by State – Aug. 15, 2024

Orlando, FL

Money

June is generally a peak month for home sales, but you wouldn’t know it based on the record-high rate of contract cancellations last month. According to a recent report from real estate brokerage Redfin, 56,000 purchase agreements were canceled last month, or about 15% of all pending sales transactions. This is the highest cancellation rate for June since Redfin started tracking the metric in 2017. (The all-time high percentage of voided contacts occurred in March 2020, when pandemic quarantines went into effect and homebuyers canceled 17.6% of all sales contracts.)

Homebuyers Are Backing Out of Deals at a Record Pace

The 30-year mortgage rate average fell Tuesday, to 6.43%. That's its lowest level in a week, and is not far above the 16-month low of 6.28% that was registered last week. Averages for almost all mortgage rates moved lower Tuesday. National Averages of Lenders' Best Mortgage Rates. Loan Type New...

Mortgage Rates Fall to New 1-Week Low

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. Mortgage rates have come down...

Prediction: Mortgage Rates Will Drop Before 2025

The standard, 30-year fixed-rate mortgage averaged 6.49% this week, up slightly from the prior week’s level, Freddie Mac reported Thursday. But that’s still well below this year’s peak and the two-decade high last fall — and that appears to be enough to entice homeowners to refinance.

Homeowners are rushing to refinance their mortgages after rates finally dropped

Brooklyn, NY

Jersey City, NJ

Hoboken, NJ

NewsBreak

Homebuyers gear up for mortgage rate drop

High mortgage rates and economic uncertainty have made life difficult for potential home buyers and sellers...

Homebuyers gear up for mortgage rate drop

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