mortgages

Sharp Drop in U.S. Mortgage Rates: Largest Decline Since Mid-September

2 months ago

This week, mortgage rates in the United States saw a significant drop, recording the largest weekly decline since mid-September. According to reports, the average rate for a 30-year fixed mortgage fell to 7.57%, which is down 0.32% from the previous week. This development has become a crucial event in the market, considering that high interest rates had previously made it difficult for homebuyers.

US Home Sales Hit Record Low as Pending Deals Decline

3 months ago

According to the latest data, home sales in the United States fell to a record low in January 2023, reflecting the ongoing impact of rising mortgage rates and high inflation. Market research indicates that the number of pending home sales dropped by 9% compared to the previous year, marking the lowest level since record-keeping began. Real estate experts point out that continuing economic stress is putting pressure on consumers, which in turn affects housing demand.

Increase in Mortgage Rates in the USA: What to Expect in November 2024?

6 months ago

In recent days of November 2024, mortgage rates in the United States continue to rise, causing concern among potential homebuyers. According to the latest research, the average interest rate on 30-year fixed mortgages has reached a peak of around 8.0%. This poses a significant barrier for many looking to purchase property.