2025 Mortgage Rate Forecast: What Another Trump Presidency Means for Rates
Homeownership remains a challenge as average mortgage rates hover north of 7%, home prices refuse to ease and an inventory shortage locks out buyers.Following his inauguration on Jan. 20, President Donald Trump signed an executive order on the cost-of-living crisis to pursue action to "lower the cost of housing and expand housing supply.
Should I Lock My Mortgage Rate Today?
The timing of your rate lock could save or cost you thousands of dollars. If you're in a bidding war or hoping to close quickly, you probably want to lock the rate.
Here’s why mortgage rates likely won’t fall anytime soon
Mortgage rates have risen to over 7%, despite the Federal Reserve cutting interest rates, making the housing market challenging, CNBC reports. Rates for a 30-year fixed mortgage were below 3% in 2021 but have jumped due to rising U.
Mortgage rates have climbed above 7%. Here's how we got here and what it means
It's the first time since May 2024 that 30-year mortgage rates have hit that mark. High rates are adding to the affordability challenges many Americans are facing.
Mortgage rates retreat, still above 7%
Mortgage rates declined this week, with the 30-year fixed rate averaging 7.06 percent, according to Bankrate’s latest lender survey. Still, since the Federal Reserve began cutting interest rates in September,
Mortgage Applications Hold Steady as Rates Remain Around 7%
Mortgage applications were little changed last week as 30-year fixed interest rates remained around 7%, the Mortgage Bankers Association said Wednesday. The market composite index, which measures loan application volume,
Homes sales stall as 7% mortgage rates return
Mortgage rates are back above 7%, and that’s slowing an already sluggish housing market with potential buyers choosing to wait on the sidelines to start the year. Home sales have stalled in January, down 10% in the most recent week compared to a year ago,
House Prices Slashed by 1 in 3 Sellers As Housing Market Stalls
As demand dwindles across the U.S. because of stubbornly high mortgage rates, home sellers are having to readjust their ...
Mortgage rates climb above 7%; what does that mean for housing market?
Higher interest rates add to problems with affordability that have hammered the housing market for the last two years. Prices ...
Mortgage rates climb above 7% to highest level since May
Mortgage rates topped 7% this week, a key psychological threshold, in a sign of the US housing market’s unrelenting ...
Donald Trump Has a Housing Market Problem
As Trump is set to take office, he'll be inheriting a troublesome housing market where affordability continues to erode for ...
Mortgage rates climb above 7%, risking a prolonged freeze for the housing market
Mortgage rates crept back over 7% to start the new year in a troublesome development for the housing market that has ...
Single-Family Home Construction Rises in December Despite Higher Mortgage Rates
Single-family housing starts, which account for the vast majority of all homebuilding, rose 3.3% in December from the prior ...
Trump will inherit a housing market creaking under the strain of high prices and high interest rates
Trump’s administration has promised to slash mortgage rates and home prices by instituting mass deportations of undocumented ...