Tag: Homebuyers
Average long-term U.S. mortgage rate holds at 6.35%
The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal...
Uneven rise in home prices shows housing inequities
It’s no secret that home prices have been rising ever higher across housing-starved Rhode Island.
But a PBN analysis of median single-family home sales shows...
U.S. home sales fall for the 3rd straight month in May
LOS ANGELES (AP) – Sales of previously occupied U.S. homes fell in May for the third straight month as rising mortgage rates and record-high prices discouraged...
Mortgage rates snap three-week pullback, pushing average rate back above 7%
LOS ANGELES (AP) – The average rate on a 30-year mortgage moved back above 7% this week, a setback for home shoppers a time...
Income gaps highlight stark differences in communities
In a state as small as Rhode Island, dramatic shifts and differences in wealth should be few and far between.
But as this week’s cover...
Average long-term U.S. mortgage rate falls slightly, easing borrowing costs for...
LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a...
Home sales rose in January with easing mortgage rates, larger supply
LOS ANGELES (AP) – Sales of previously occupied U.S. homes rose in January as homebuyers were encouraged by easing mortgage rates and a modest...
Average long-term U.S. mortgage rate falls to 7.5% in second straight...
LOS ANGELES (AP) – The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for...
Average long-term U.S. mortgage rate slips to 6.39%
LOS ANGELES (AP) – The average long-term U.S. mortgage rate edged lower this week, a modest boost for homebuyers looking for relief as a...
Will higher interest rates cool the housing market?
What goes down, must come up.
That will apply to mortgage rates, which have begun to climb after hitting historic lows in 2021 and are...
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