Home Sales and Mortgage Rates

News

Lower prices boost new US home sales

April home sales slow with high mortgage rates, prices, putting chill into spring buying season

Sales of previously occupied U.S. homes fell in April, as elevated mortgage rates and rising prices discouraged prospective home shoppers during what’s traditionally the busiest time of the year for the housing market.

New York Post on MSN · 1d

New home sales unexpectedly surge despite high mortgage rates as builders lower prices

Sales of new US single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market.

Reuters on MSN · 1d

Lower prices boost new US home sales; outlook downbeat amid higher mortgages

Sales of new U.S. single-family homes surged to more than a three-year high in April as builders lowered prices to attract buyers, but rising mortgage rates and economic uncertainty remained headwinds for the housing market.

April, Sales

LBM Journal · 1d

Existing Home Sales Fall in April

Despite the brief retreat in mortgage rates and increased supply, existing home sales dropped to a 7-month low in April, according to the National Association of Realtors.

Wall Street Journal · 1d

U.S. New Home Sales Rise in April, Defying Economic Uncertainty

Sales of new homes climbed again in April, the Commerce Department reported Friday, as buyers shrugged off concerns about uncertainty over the economic outlook and high mortgage costs.

MarketWatch · 1d

New-home sales rebound to 3-year high in April

Investors received the latest update on the state of the U.S. housing market on Friday. The report contained some unexpectedly good news: Buyers rushed into the market for new homes in April, [pushing sales to the highest level in three years.

1don MSN

Home sales poised to slump even more as mortgage rates hit three-month high

Mortgage rates inched higher over the last week, delivering yet another blow to a lackluster spring housing market.

Fix home affordability? 39% price cuts, 2.4% mortgages, or 62% pay hikes

So what would it take to close the nation’s affordability gap? 39% price cuts, 2.4% mortgages, or 62% pay hikes. Or a mix of ...

1don MSN

Average rate on a US 30-year mortgage rises to 6.86%, its highest level since mid-February

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for ...

2don MSN

Mortgage rates climb to highest level in more than three months amid bond market unrest

Mortgage rates are inching back toward 7%, highlighting the ongoing strain on US home buyers. The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest ...

1don MSN

How US Mortgage Rates Change if Trump Takes Fannie Mae, Freddie Mac Public

Experts fear that the move, though it could help the government's budget woes, could disrupt the fragile U.S. mortgage market ...

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