This week, U.S. mortgage rates fell to their lowest in nearly 10 months, potentially revitalizing the stagnant housing market. With the average 30-year mortgage down to 6.58%, homebuyers might finally have the purchasing power they need.
The Trump administration is reportedly planning an IPO for the Great American Mortgage Corporation, aiming to raise $30 billion. Analysts express skepticism about the timeline and execution, emphasizing the need for government support to maintain mortgage rates.
The Trump administration is set to potentially sell shares of Fannie Mae and Freddie Mac, aiming to raise around $30 billion and valuing these mortgage giants at $500 billion. What does this mean for your mortgage rates?
Despite an ongoing housing market slump, home prices reached an all-time high of $435,300 in June. Discover the surprising dynamics affecting buyers and sellers in today's market.
A leading economist warns that the housing market is deteriorating, with home sales and prices set to slump unless mortgage rates drop soon. Unprecedented challenges are looming for homeowners and the economy.
Home prices are experiencing a significant slowdown, with national gains dropping to just 2.7% in April. As supply rises and demand falters, the once hot markets are now cooling off. Discover the latest insights on the shifting housing landscape!
In a surprising twist, U.S. home sales edged up in May, defying expectations amidst high mortgage rates and rising prices. Despite this increase, affordability remains a major hurdle for many prospective buyers.
The U.S. housing market faces a significant slump, with May marking the slowest home sales since 2009. Despite a slight monthly increase, affordability issues persist, keeping buyers at bay amidst rising prices and high mortgage rates.
In a strategic move, Rocket Mortgage has announced its acquisition of Mr. Cooper for $9.4 billion, promising to reshape the mortgage landscape and enhance the homeownership experience for millions.
Discover how rising mortgage rates and prices impacted US home sales in January, despite a wider selection of properties available. Find out the challenges faced by first-time buyers and the outlook for the housing market.
