The average long-term rate remains in the mid-6% range, Freddie Mac said. The rate on a 15-year fixed-rate mortgage, popular for home refinances, fell to 5.90% from 5.94% last week. LOS ANGELES— The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on … Read more
Despite predictions housing prices would come down, values keep rising in 2024. The reason? The tight inventory. WASHINGTON – Much to the chagrin of would-be homebuyers, property prices just keep rising. It seems nothing — not even the highest mortgage rates in nearly 23 years — can stop the continued climb of home prices. Prices … Read more
Floridians anticipate a positive economic outcome in the coming year, bolstered by a strong market and low unemployment, a University of Florida survey found. GAINESVILLE, Fla. – Consumer sentiment among Floridians started the year at the highest level over the last two years, highlighting residents’ positive outlook about the future of the economy and personal … Read more
Many Americans say renting suits their lifestyle more than owning right now. The decision to rent or buy is a complex one, a new survey found. NEW YORK – Last year was tough for potential home buyers: Prices and mortgage rates were high, while the number of homes available was low. But even if rates … Read more
Most adult Gen Zers are tracking ahead of where their parents were at the same age, likely because they bought when rates were near record lows. SEATTLE— More than a quarter (26.3%) of adult Gen Zers owned a home in 2023, little change from the previous year. At the same time, homeownership among millennials and … Read more
Homeowners are increasingly coming to terms with higher interest rates and aren’t waiting to sell, Redfin found. NEW YORK – A growing number of homeowners with low interest rate mortgages aren’t waiting to move until rates have dropped. Rather, they’re increasingly opting to move into new homes and take on higher interest rate mortgages, according … Read more
A Fannie Mae survey found 17% of consumers indicate it’s a good time to buy a home now. WASHINGTON – The Fannie Mae Home Purchase Sentiment Index HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next … Read more
A Fannie Mae survey found 17% of consumers indicate it’s a good time to buy a home now. WASHINGTON – The Fannie Mae Home Purchase Sentiment Index HPSI) increased 2.9 points in December to 67.2, due primarily to a significant jump in the share of consumers expecting mortgage rates to go down over the next … Read more
Although UF’s monthly consumer confidence survey ended the year on a high note, the survey marked its third lowest level since it began in 1985. GAINESVILLE, Fla. – Consumer sentiment in Florida inched up for a third consecutive month in December to 69.5, gaining 1.2 points from a revised figure of 68.3 in November. Meanwhile, … Read more
Prospective homeowners should consider all the steps to securing the best possible mortgage terms. NEW YORK – A home is the single biggest purchase most people will ever make. That’s perhaps become even more true in recent years when the cost of homes has increased dramatically. The sticker price of a home may come … Read more
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