Mortgage rates are cooling off after rising sharply. But expect home prices to start slowing, and even dropping, in some of the most overheated markets in the country over the next couple of years. With the average on the 30-year fixed-rate mortgage at 5.7%, some would-be buyers are spooked by the higher borrowing costs and … Read more
Both prospective homebuyers and sellers are feeling increasingly annoyed by the housing market and the economy, according to a new survey. Their frustrations were registered by the Fannie Mae Home Purchase Sentiment Index, which dropped by 3.4 points in June to 64.8. That’s the second-lowest reading in a decade. Consumers surveyed were pessimistic about home-buying … Read more
What’s going on with the housing market now? Getty Images Although mortgage interest rates have been slowly ticking up — with some pros saying we may see more of that (you can see the lowest mortgage rates you can get here) — summertime homebuyers have likely noticed that housing price growth doesn’t seem to be … Read more