Declining mortgage rates and incentives from builders are likely to draw potential buyers back into the housing market.
Read More US single-family housing starts jump to more than 1-1/2-year highTag: Mortgage Rates
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
Read More US new home sales fall more than expected in OctoberMortgage Rates Hit 8%, American Families Struggling To Keep Up
New data from Redfin reveals that about 16 percent of pending home sales collapsed in September as mortgage rates hit 8 percent. One America’s Daniel Baldwin with more.
Read More Mortgage Rates Hit 8%, American Families Struggling To Keep UpUS Mortgage Rate Climbs to 7.16%, Could Hit 8%, Mark Not Seen Since 2000
The U.S. mortgage rate rose to the highest mark in over 20 years. According to Mortgage Bankers Association, the 30-year mortgage rate rose to 7.16% last week, which matches the highest since 2001.
Read More US Mortgage Rate Climbs to 7.16%, Could Hit 8%, Mark Not Seen Since 2000