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Encouraging: Average long-term mortgage rate falls lowest level since May 2023

The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers.

Sam khaterFreddie macFederal reserveUs federal reserveUnited statesBusiness financeFederal home loan mortgage corpIn economicsMortgage industry of the united statesUnited states housing bubbleSubprime mortgage crisisCauses of the 2000s united states housing bubble

Fewest homes sold in nearly 30 years

The fewest homes were sold last year in nearly 30 years as high mortgage rates kept sellers on the sidelines and many buyers priced out of the market.

Lawrence yunFederal reserveEconomist lawrence yunUs federal reserveBusiness financeNational association of realtorsUnited states housing bubbleHousing in canadaUnited states housing market correctionReal estate in canadaSubprime mortgage crisisIn economics

2023 was slowest year for home sales in 30 years as high mortgage rates frustrate buyers

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low, as sharply higher mortgage rates, rising prices and a persistently low level of ho

Lawrence yunLisa sturtevantFreddie macFederal reserveNational association of realtorsNational associationBus homeUnited statesBusiness financeUs federal reserveFederal home loan mortgage corpFactset research systems incApplied energeticsBright mlsIn economicsUnited states housing market correction

From home run to home none: Soaring rates send the property game into extra innings

The fewest homes were sold last year in nearly 30 years as high mortgage rates kept sellers on the sidelines and many buyers priced out of the market.

Lawrence yunFederal reserveEconomist lawrence yunUs federal reserveBusiness financeUnited states housing market correctionUnited states housing bubbleIn economicsHousing in canadaReal estate in canadaNational association of realtorsSubprime mortgage crisis

Mortgage lenders and agents weigh in on 2024 real estate outlook

As interest rates decline, some mortgage lenders said they're seeing a spike in calls.Tim McBratney with PacRes Mortgage tells KATU normally the holiday season

Tim mcbratneyBonnie rosemanReuben schugWindermere realtyLiving room realtyPacres mortgageLiving roomWindermere realty trustBusiness financeLiving room realty llcSubprime mortgage crisisIn economics

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