Despite a landscape of challenges — rising interest rates and still-escalating prices — sales of existing homes hit their fastest pace in nearly a decade in January, according to the latest update from the National Association of Realtors.
There is a difference between the run-up in household debt leading up to the financial crisis of 2007-2009 and this current buildup over the past three years, which is being fueled by student debt and auto loans.
Pending home sales, or signed contracts, rebounded a bit in December, despite rising mortgage rates and “alarmingly low” inventory levels, according to an update out today from the National Association…
About half of Americans say they are concerned about the effects of rising interest rates, but not necessarily because of their impact on the housing market or credit cards, a…
For the second straight week, the housing market overall, and especially prospective homebuyers, are getting a break: average mortgage rates across the nation are dropping — for now.
The one certain thing about the U.S. housing market in 2017 is higher mortgage rates, and that is a big factor for many prospective buyers. But that’s just one driving force.
Freddie Mac reported this week that the national average for the 30-year fixed rate mortgage hit 4.16 percent, increasing for the seventh consecutive week. That’s 62 basis points higher than…
The average household with credit card debt is carrying $16,061 in total balances. That’s just short of the high set in 2008, the eve of the financial crisis.
The long-term rate has climbed 66 basis points in six weeks, boosted by the post-election selling spree in Treasuries.
Was it a case of pre-election jitters about the housing market’s direction and interest rates poised to move higher? That could have been a factor behind the release of pent-up demand that pushed up sales of existing homes in October to a near 10-year-high annualized rate.