Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to the previous month and 3.7% year-over-year, to an annual rate of 4.19 million, according to a press release from the National Association of Realtors (NAR). The average for a 30-year fixed-rate mortgage reached 7.10% this week, a substantial jump from 6.88% last week, depressing Americans’ desire to switch homes and possibly...
The report from the Commerce Department on Tuesday also showed permits for future construction of single-family houses fell to a five-month low. Single-family housing starts, which account for the bulk of homebuilding, dropped 12.4% to a seasonally adjusted annual rate of 1.022 million units last month, the Commerce Department's Census Bureau said. Data for February was revised higher to show single-family starts rebounding to a rate of 1.167 million units instead of the previously reported...
London markets have been spooked by worse-than-expected economic data across the pond that has raised uncertainty over when central banks will start lowering interest rates. So what does this mean for mortgages?
Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
The shortages affect everything from generic cancer drugs to ADHD medication.
A potential US ban against TikTok took a major step toward becoming reality on Saturday as House lawmakers approved a hot-button bill targeting the app as part of a wide-ranging aid package for Israel and Ukraine. The bipartisan vote of 360-58 marks the latest defeat for TikTok in Washington, as the embattled social media company with 170 million US users fights for survival under its current ownership by ByteDance, its Chinese parent company. The bill passed by the House this weekend closely...
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage buyer Freddie Mac said Thursday. A […]
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last week, mortgage buyer Freddie Mac said Thursday. […]
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose to its highest level in five
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".
Lovely Runner, Episode 4 continues to pull in viewers as international audiences rate the K-drama with unheard of high ratings. Not a surprise tho, as it's really that good.
A mother has put her home up for sale after claiming the couple next door targeted her in a "relentless" campaign of harassment amid a bitter £150,000 dispute over the boundary between their two homes. Celia Tan, 57, removed the gutter from Robert and Helena Flach's home in 2019, saying it extended beyond the boundary between their homes and allowed water to flow onto their property. But the Flaxs claim the boundary line was 5 inches beyond the wall separating houses in Ruislip, west London,...