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Mortgage rates spike amid debt ceiling drama and inflation

Home buying is increasingly financially out of reach for many Americans.

United statesOrphe divounguyFreddie macGreg mcbrideChen zhaoMatthew grahamMike fratantoniDepartment of commerceNational association of realtorsFederal reserveUs department of housingMortgage bankers associationHome loan mortgage corporationFederal home loan mortgage corporationMortgage newsMortgage bankers

Redfin: Daily Mortgage Rate Tops 7 1% For 1st Time Since November

Housing payments hit a record high this week as mortgage rates jumped above 7% due to progress on a possible debt-ceiling deal, Redfin said Thursday.

United statesSan franciscoSan diegoHeather kruayaiLas vegasHal bennettRedfin economics research lead chen zhaoHomebuyer demand indexRedfin economics research lead chenBliss ongRedfin premierRedfin homebuyer demand indexFort lauderdale

US Mortgage Rates Hit 6-Month High as Home Sales Decline

Mortgage rates in the United States have hit the highest level in six months while loan applications and home sales are declining.

United statesSan franciscoSan diegoTaylor marrJoel kanLos angelesHeather kruayaiLawrence yunMortgage bankers associationNational association of realtorsMortgage daily newsPresident joel kanNational associationPending home sales indexEconomist lawrence yunBliss ong

Housing Payments Hit New High As Mortgage Rates Surpass 7%

Housing Payments Hit New High As Mortgage Rates Surpass 7%
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United statesSan diegoSan franciscoHal bennettLas vegasHeather kruayaiRedfin economics research lead chen zhaoHomebuyer demand indexRedfin economics research lead chenRedfin premierBliss ongRedfin homebuyer demand indexFort lauderdale

Redfin Reports Mortgage Rates Surge Past 7 1% For First Time Since November; Some Buyers Back Off While Others Lower Budget

Monthly housing payments hit a new record high this week as mortgage rates jumped, pricing out many homebuyers, especially those with limited budgets . | May 25, 2023

United statesSan franciscoSan diegoHeather kruayaiHal bennettLas vegasRedfin economics research lead chen zhaoRedfin data centerHomebuyer demand indexRedfin economics research lead chenRedfin premierBliss ongRedfin homebuyer demand indexFort lauderdaleRedfin dataRedfin corporation stock exchange

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