In its first meeting of 2025, the Federal Reserve announced today that it will leave its benchmark interest rate unchanged. This follows three consecutive rate cuts, by half a percentage point in September and a quarter-point in both November and December.
The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.
NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
In November, the National Association of Realtors reported that its membership was 1,526,631. How many members renewed by the Jan. 1 deadline is unclear, but some Massachusetts agents have stepped ...
U.S. home sales haven't been this low in decades, according to data released Friday by the National Association of Realtors. "You had a perfect storm of everything coming together to undermine affordability,
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction
Contracts to buy U.S. previously owned homes fell in December to snap a four-month streak of increases, with particularly sharp declines in the pricier Northeast and West regions as higher mortgage interest rates dented affordability.
The core index, one that strips volatile food and energy costs and is used by the Fed in setting interest rates, rose 0.2% in December and 2.8% annually, unchanged from November.
Mortgage rates might drift downward in February after bumping against a ceiling in January.The 30-year fixed-rate mortgage peeked briefly above 7% in January, then promptly ducked lower. It loitered j
Listen to this article Let Trump be Trump. A campaign staffer’s now-famous motto during President Donald Trump’s 2016 bid for president nods to the mercurial nature of the real estate mogul and former reality television star — as well as a similar slogan from “The West Wing.
The average 30-year mortgage rate was 6.95% this week compared with 6.96% a week earlier, according to Freddie Mac data.