Tag: mortgagerate
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S&P Case-Shiller shows U.S. home prices up for fourth straight month in May
[ad_1] U.S. home prices rose for the fourth straight month in May, according to the S&P Case-Shiller index. A broader measure of home prices, the national index, rose month-over-month in May by 0.7%, but was down 0.5% over the past year. All numbers are seasonally adjusted. Nationally, year-over-year appreciation in May was down 1.7% though,…
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Home prices are falling in these Sun Belt cities, but deals are still scarce
[ad_1] Home prices are falling in major cities in the Sun Belt, but don’t necessarily interpret that as a big opportunity to purchase a home. Nationwide, the median price of a home listed for sale fell 0.9% year-over-year in June to $445,000, according to a study by Realtor.com released Thursday. That’s the first drop since…
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We bought a 100-year-old home. We decided to renovate, but things took a turn.
[ad_1] Dear MarketWatch, We have a family home that is nearly 100 years old. My partner and I bought the home from our family for a discounted price, thinking we would build a new home on the property. We started the new build process in early 2020 and then the pandemic hit. We were able…
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Mortgage rates hit highest level in six months. ‘Demand is likely to weaken.’
[ad_1] The numbers: Mortgage rates inched toward 7% as strength in the U.S. economy prompted investors to expect another rate hike by the Federal Reserve. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, according to data released by Freddie Mac on Thursday. That was up 22 basis points from the previous week —…
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Mortgage rates are back over 7%. Here’s how much that adds to mortgage payments.
[ad_1] The housing market is about to hit another speed bump, with mortgage rates rising above 7% for the third time this year. The 30-year fixed-rate mortgage rose from 6.95% on Monday to 7.01% on Tuesday afternoon, according to Mortgage News Daily. The 30-year rate was last above 7% in March, according to historical data.…