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Mortgage rates are about to jump — but there"s something else keeping first-time buyers from purchasing homes

Tim Boyle / Getty Images The Federal Reserve raised its benchmark short-term interest rate Wednesday. The federal funds rate is closely tied to mortgage rates, which look poised to rise in 2018.  But there's something else that will more likely ke.....»»

Category: topSource: businessinsiderJun 13th, 2018

Mortgage rates are about to jump — but there"s something else keeping first-time buyers from purchasing homes

Tim Boyle / Getty Images The Federal Reserve raised its benchmark short-term interest rate Wednesday. The federal funds rate is closely tied to mortgage rates, which look poised to rise in 2018.  But there's something else that will more likely ke.....»»

Category: topSource: businessinsiderJun 13th, 2018

For-sale signs vanish and March home prices jump 6.8%

U.S. home prices climbed in March with buyers paying a premium as the number of homes up for sale decline and mortgage rates rise. .....»»

Category: topSource: moneycentralMay 29th, 2018

Homebuilder Horton hopes for better spring as higher prices bite

D.R. Horton Inc held out hope on Friday of improved demand for its homes in the spring selling season after a tough few months where higher prices and mortgage rates kept some buyers out of the market......»»

Category: topSource: reutersJan 25th, 2019

D.R. Horton says high house prices weighing on demand

U.S. homebuilder D.R. Horton Inc missed analysts' estimates for first-quarter profit on Friday, as higher house prices and mortgage rates priced some buyers out of the market, squeezing sales of more expensive homes......»»

Category: topSource: reutersJan 25th, 2019

Pending home sales drop as mortgage rates climb

Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices continued to squeeze would-be buyers out of the market.The........»»

Category: topSource: moneycentralDec 28th, 2018

Pending home sales drop as mortgage rates climb

Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices continued to squeeze would-be buyers out of the market.The........»»

Category: topSource: moneycentralDec 28th, 2018

Economic Report: Mortgage rates hit a 3-month low with home buyers biding their time

Rates for home loans fell, marking two straight months of declines, and may have farther to go, which would help support housing market activity......»»

Category: topSource: marketwatchDec 20th, 2018

9 housing and mortgage trends to watch for in 2019

It’s going to be a challenging year for home buyers in 2019: They will continue to compete for a short supply of homes. Home prices and mortgage rates are likely….....»»

Category: topSource: moneycentralDec 19th, 2018

Homebuilder sentiment drops to the lowest point in more than 3 years

The index has plummeted nearly 20 points over the past year while buyers hesitate to purchase new homes even as mortgage rates have pulled back in recent weeks......»»

Category: realestateSource: cnbcDec 17th, 2018

Mortgage applications rise 2%, but buyers seem unimpressed by lower rates

While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer......»»

Category: topSource: moneycentralDec 5th, 2018

Mortgage applications rise 2%, but buyers seem unimpressed by lower rates

While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer......»»

Category: realestateSource: cnbcDec 5th, 2018

The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Dallas is housing’s “canary in the mine shaft.” Homes are taking longer to sell, bidding wars are rarer and price cuts are more common as buyers absorb the impact of higher mortgage rates......»»

Category: smallbizSource: wsjNov 26th, 2018

Weekly mortgage applications drop 3.2%, hit by tanking stocks and rising rates

While tight supply of homes for sale had been plaguing buyers for much of this year, listings are increasing, but so are prices and interest rates, weakening affordability......»»

Category: realestateSource: cnbcNov 14th, 2018

New home sales drop as spiking mortgage rates keep buyers on the sidelines

Builders warned of a slowdown in home sales, except the numbers are worse than expected. Sales of newly built homes dropped 5.5 percent in September compared with August, and were 13 percent lower compared to a year ago, according to the U.S. Census. .....»»

Category: realestateSource: cnbcOct 24th, 2018

Buyers "hibernating" as spiking mortgage rates hit housing harder than expected

Builders warned of a slowdown in home sales, except the numbers are worse than expected. Sales of newly built homes dropped 5.5 percent in September compared with August, and were 13 percent lower compared to a year ago, according to the U.S. Census. .....»»

Category: realestateSource: cnbcOct 24th, 2018

The temporary slide in mortgage rates could give new hope to first-time home buyers

The temporary slide in mortgage rates could give new hope to first-time home buyers.....»»

Category: topSource: washpostJul 5th, 2018

Homes in America are selling at a record pace, and the implications for buyers and sellers are significantly different

Paul Sakuma/AP Homes are spending the shortest time on the market in the eight years Trulia has been keeping track.  That's great for sellers who want to close quickly, but has created lots of comp.....»»

Category: topSource: businessinsiderJun 7th, 2018

US home sales fall 2.5% in April, Mortgage rates hit 7-year high

U.S. sales of existing homes tumbled 2.5% in April — with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market.   &#.....»»

Category: topSource: usatodayMay 24th, 2018

Mortgage Rates Hit Seven-Year High as Ultracheap Era Ends

Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultra-cheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers......»»

Category: smallbizSource: wsjMay 18th, 2018

Era of Low Mortgage Rates Is Over

Mortgage rates this week jumped to their highest level since 2011, signaling a shift from a period of ultra-cheap loans to a higher-rate environment that could slow home price appreciation and squeeze first-time buyers......»»

Category: smallbizSource: wsjMay 18th, 2018