Mortgage rates fell to low levels during the pandemic, dropping below 3% as real estate prices soared. But subsequent issues with inflation ultimately caused the Federal Reserve to raise its benchmark ...
Mortgage rates are nearing 7% again as a big rally in the bond market, tied to Fed rate cut bets, gives homebuyers a much-needed boost toward year-end. U.S. mortgage rates extended their recent ...
Mortgage rates are lower this year compared to last, and while they haven’t dropped to 6% yet, many are wondering if we might see a pick-up in existing home sales driven by our early indicators. Today ...
Mortgage rates were nearly unchanged this week, remaining near 6.7% for the third consecutive week. The average 30-year mortgage rate was 6.65% through Wednesday, according to Freddie Mac data, ...
Consumer inflation increased 0.1% in November and 3.1% over the last 12 months, following October’s 3.2%, according to the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI), released Dec.
Homebuilders are having a rough start to the spring selling season amid high mortgage rates and tariff uncertainty. On Monday, KB Home (KBH) reported a 17% drop in net orders from the year-earlier ...
Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...
We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. After climbing last week to their most expensive level since last spring, rates on ...
The Bank of England is expected to cut the base rate today which will see more lenders reducing mortgage rates, experts say ...