Tag: Homebuyers
In homebuying, winning bid may bring a curse
In today’s hot housing market, winning a bidding war can feel like a triumph. But my research shows it often comes with a catch:...
R.I.’s median home price rises to $510K in August
WARWICK – The median sale price of single-family homes in Rhode Island continued to climb in August, rising 4% from a year earlier to...
U.S. home sales fall in June as prices soar to new...
LOS ANGELES (AP) – Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median...
U.S. mortgage rates climb after five weeks of declines
The long-term rate ticked up to 6.72% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.89%.
Borrowing...
BankRI partners with PCF Development on workshop for first-time homebuyers
PROVIDENCE – Bank Rhode Island and Pawtucket Central Falls Development will be hosting a free, virtual workshop for first-time homebuyers on June 17 to...
Average rate on a U.S. 30-year mortgage rises to 6.81%, highest...
The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago.
The...
Homeownership further out of reach as rising prices, high mortgage rates...
LOS ANGELES (AP) – Homeownership is receding further out of reach for most Americans as elevated mortgage rates and rising prices stretch the limits of what...
Average rate on a U.S. 30-year mortgage eases to 6.81%
The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than...
Mortgage rates climb to highest level since late February
The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in...
U.S. home sales rose in February as mortgage rates eased
LOS ANGELES (AP) – Sales of previously occupied U.S. homes rose in February as easing mortgage rates and more properties on the market encouraged...
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