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Mortgage rates fall below 7%, but affordability remains a dream for many: Freddie Mac
FOX Business· 6 days agoMortgage rates are back down below 7% this week. A 30-year fixed-rate mortgage averaged 6.94%,...
US mortgage rates rise for first time in a month, denting demand
San Francisco Chronicle· 4 hours agoThe contract rate on a 30-year fixed mortgage increased 4 basis points in the week ended May 24 to 7.05%, according to Mortgage Bankers ...
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
WJXT Jacksonville· 16 hours agoHopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of...
Black mortgage applicants are denied more than twice as much as white applicants
Quartz· 4 hours agoDespite growing homeownership rates among Black Americans, mortgage applications from Black borrowers are still getting denied at far higher rates than others. Just shy of ...
Grim Reality: Median home prices surpass average American household earnings
ABC 15 Phoenix· 25 minutes agoAccording to the latest report from Redfin, the average household income falls about $30,000 short...
NS&I puts up rates – but tells no one
The Telegraph via Yahoo Finance· 1 hour agoHopes had been raised of cuts from the Monetary Policy Committee, but when last week’s inflation data came in higher than expected, the market...
Denmark has the solution to America's broken housing market
Business Insider· 8 hours agoWhen mortgage rates shoot up, as they did over the past two years, many would-be sellers decide they...
Big moves ahead: ECB’s interest rate cut and the future of EUR/USD
The Forex Market· 7 hours agoThe European Central Bank is set for a major move: an interest rate cut in June. This decision,...
Daily mortgage rates for May 24, 2024: Average 30-year rate dips below 7%
AOL· 5 days agoSee average mortgage rates for today, for a 30-year fixed mortgage, 15-year fixed, jumbo loans,...
'Mind-boggling': Mortgage brokers shocked as Barclays ups interest rates but TSB cuts
Evening Standard via Yahoo Finance· 5 days agoMortgage experts were taken by surprise this week high-street bank Barclays opted to increase its ...