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Mortgage rates fell for a fifth week in a row but remain elevated near 7%, Freddie Mac said on Thursday. The average rate on a 30-year fixed mortgage is 6.85%.

Delinquency rates on Federal Housing Administration and Veterans Affairs loans reached 11.03% and 4.7%, respectively, at the end of last year, according to the Mortgage Bankers Association, breaching pre-pandemic levels.

The bond yields that underpin mortgage rates have whipped around amid tariff threats and new inflation data. The average rate on a 30-year loan dipped this week but remains near 7%.

A growing property insurance crisis may make it hard to get a mortgage in parts of the country in the coming decades, Federal Reserve Chairman Jerome Powell said Tuesday in testimony before Congress.

Families tell BBC their mould-infested homes are making them ill - Panorama investigates.

The wildfires that tore through Los Angeles have left residents with ample financial anxieties. There are few answers right now.

Mortgage rates moved slightly lower this week, remaining near 7% as potential buyers and sellers continue to hold off on making a move as they wait for steeper declines.

The proportion of U.S. adults that still consider home ownership to be a component of the American Dream stood at 75%, according to the Realtor.com survey.

The market perked up late in the year when interest rates eased, but affordability challenges yielded the fewest transactions since 1995.

Existing home sales declined in 2024 to the lowest level since 1995, while median home prices rose to a record high as elevated mortgage rates confound the market.

President Trump faces a gap between the rich and poor, one that helped him get elected. But he also faces another one: the gap between a winning US and a losing Europe and China. Which may be a problem.

The average 30-year fixed-rate mortgage dropped below 7% after climbing for six consecutive weeks as the housing market sees little relief amid an affordability crisis.

Mortgage rates followed bond yields lower as traders assessed President Trump's first executive orders. The average rate on a 30-year loan slipped under 7%.

The Trump administration announced plans to make housing more affordable, citing regulatory requirements as a main driver for why so Americans are unable to purchase homes.

The president said he will impose tariffs Feb. 1 on products from Canada, Mexico and China, countries that together account for more than a third of U.S. trade.

Mortgage rates have more than doubled from recent lows in 2021. They're not poised to fall much any time soon, economists said.

Extreme weather – from wildfires in California to the freezing cold temperatures and snow in Northeast, Midwest and South – has caused home tours and pending sales to fall.

Living with your parents in your 20s and 30s has its challenges, but many can't afford to move out.

Trump’s administration has promised to slash mortgage rates and home prices by instituting mass deportations of undocumented immigrants and easing federal regulations around building and land use. But economists and housing market experts say sweeping changes are hardly so simple.

Stocks failed to continue Wednesday's rally as retail sales and fresh earnings from big banks took focus.

Mortgage rates rose again for the sixth straight week, with the average 30-year fixed-rate note topping 7% for the first time since May as the housing market continues to struggle.

Countless Americans are looking to buy a house -- they just can't afford it. These markets are the best options for prospective first-time homebuyers, and some might surprise you.

Caution reigns ahead of December's jobs report, which will shape bets on the chances of Fed rate cuts.

Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data released this week pointed to stickier inflation and more job openings.

Mortgage rates continued to climb this week, with the 30-year fixed rate notching up toward 7% while housing demand remains stalled amid elevated rates and home prices.

The UK's biggest mortgage lender says house prices rose 3.3% during the course of 2024.

Housing market in 2025: More inventory should help boost home sales this year, but the market will continue to face big challenges.

Markets are set to kick off the new year on the front foot as faith in techs reemerges.

Mortgage rates climbed again for a third consecutive week to the since since July, with the 30-year fixed-rate average rising to just under 7% as the housing market remains stalled.

The average 30-year fixed-rate mortgage rose to 6.91% to start the new year.

(Bloomberg) -- US mortgage rates climbed to an almost six-month high during the Christmas holiday week, suppressing applications for home purchases and severely undercutting refinancing activity.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusThe contract rate on a 30-year mortgage advanced 8 basis points to 6.97% in the period ended Dec. 27 after risi

Housing market activity remained "remarkably resilient" despite affordability challenges, the lender says.

Housing contract activity picked up for the fourth straight month in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.

Mortgage rates ticked up again after the Fed revised rate-cutting expectations for 2025.

This week's increase marked the highest level on the 30-year loan since mid-July, when the rate was 6.89%, according to data from mortgage buyer Freddie Mac.

Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant: Sales of previously owned homes are poised to set the record for the worst year since 1995 for the second year in a row.

Quantitative tightening at the Federal Reserve may keep upward pressure on 30-year fixed mortgage rates for the foreseeable future.

The Fed cut rates by a quarter of a percentage point again, in hopes that the economy will edge closer to lower inflation and a healthier borrowing market.

Mortgage rates rose this week with the average 30-year fixed-rate note climbing to 6.72%, dinging demand as overall mortgage applications decreased due to a drop in refinances.

(Bloomberg) -- Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousDakar’s Air Quality Plummets as Saharan Dust Descends on SenegalContract closings increased 4.8% to an annualized rate of 4.15 million in November, the most since March, according to data released Thursday by the National Association o

Century 21 Real Estate CEO provides analysis of the latest mortgage rate data as homebuyers continue to struggle with affordability problems.

The average rate on a 30-year mortgage fell again to 6.6%, according to Freddie Mac.

(Reuters) -U.S. President-elect Donald Trump said in an interview aired on Sunday he will not try to replace Federal Reserve Chair Jerome Powell upon taking office in January. Trump added that he didn't think Powell, who he has sparred with in the past over interest rate levels, would go quietly.

Housing market in 2025: More inventory should help boost home sales next year, but the market will continue to face big challenges.

Mortgage rates declined for the second week in a row, lifting demand in the stagnant housing market as the affordability crisis continues to create headwinds.

Realtor.com's 2025 housing forecast released Wednesday indicates mortgage rates will come down next year -- but not as much as potential buyers and sellers would like.

The conforming loan limit (CLL) for mortgages backed by Freddie Mac and Fannie Mae will rise by 5.2% next year to over $800,000, the Federal Housing Finance Agency announced Tuesday.

Barbara Corcoran says real estate will "go ballistic" if rates hit 5%. But if they go up, it could fuel "terrible" things for the market and slow down the U.S. economy.

Mortgage rates climbed this week with the 30-year fixed rate mortgage nearing 7%, after a drop in rates in September sparked a revival in existing home sales in October.

Lenders have been raising the cost of fixed-rate deals creating a headache for buyers and those remortgaging.

Realtor.com economists have nailed down when the best time to buy a home is during the year. While interest rates are high, this year is no different.

Mortgage rates leveled off this week after climbing for six consecutives weeks, stalling along with demand in the stagnant housing market amid an affordability crisis.

Americans across the U.S. are experiencing vastly different inflation rates depending on where they live, and new Labor Department data shows it was highest in the Northeast.

Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.

Donald Trump has blamed the housing crisis on immigration, but experts say the relationship between rising immigration and surging housing costs isn’t so clear.

The Fed cut interest rates by 25 basis points, avoiding any surprises just days after the election of Donald Trump as the next US president.

The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.

Interest rate-sensitive areas of the market and cryptocurrencies are among some of the areas expected to see big moves based on who wins the presidential election.

The share of first-time homebuyers slipped to its lowest level, about 24%, since the National Association of Realtors began tracking this data in 1981.

Mortgage rates have risen due to new economic data and pre-election fears, and are in for another volatile few weeks.

Mortgage rates moved higher for the fifth straight week, pushing the average rate for a 30-year fixed-rate mortgage to 6.72% and the 15-year note to 5.99%.

Chancellor Rachel Reeves has announced a raft of changes to taxes and spending in the Budget.

The Biden administration rolled out a plan last year to create more housing by unlocking more than $35 billion in lending capacity. It has yet to close on any loans that would support housing-related projects.

Many aspiring homeowners are still sitting on the sidelines even as mortgage rates have declined since this year's peak in May.

Mortgage rates have climbed higher for a month straight, pushing down demand as more Americans become priced out of the housing market due to high rates and home prices.

Mortgage rates are increasing in recent weeks despite the Federal Reserve's decision to cut interest rates last month for the first time in four years.

Election anxiety is causing many consumers to avoid big-ticket purchases like houses, weddings and cars. “Every four years this happens,” one former car dealer said.

Higher mortgage rates mean fewer buyers and refinancers are moving forward with transactions. The average on a 30-year loan hit 6.44%.

The rate of rising prices, known as inflation, are a key factor in our own finances, particularly at this time of year.

The former president often implies that deportations will bring down housing costs. Reality is more complicated.

The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported.

Recent falls in rates could come to "an abrupt halt" in the next few days, according to brokers

The Waffle House Index is reporting closures in parts of central and southwest Florida as Hurricane Milton approaches, bringing devastating storm surge and high winds.

Federal Reserve governor Adriana Kugler said Tuesday that she 'strongly supported' the decision to cut rates by half a percentage point in September and that she favors more cuts if inflation continues to drop.

FOX Business' Stuart Varney questioned the effectiveness of the federal government on the heels of Hurricane Helene and the ongoing preparations for Hurricane Milton.

Mortgage rates climbed slightly this week, with the average for both 30- and 15-year fixed-rate notes rising as the housing market remains largely stalled.

Housing market has had little movement thanks to elevated mortgage rates and high home prices coupled with economic and political uncertainty, Redfin economists said.

Hurricane Helene brought historic devastation across the Southeast leaving more than 100 people dead and a preliminary estimate puts its economic cost up to $34 billion.

A central question in the final stretch of the election is if Vice President Kamala Harris’s proposals will cohere into an economic argument that can top former President Donald J. Trump’s.

The average rate on a 30-year fixed-rate mortgage remained nearly unchanged this week but reached its lowest level in two years.

The average rate on a 30-year fixed-rate mortgage was nearly unchanged this week but managed to reach the lowest level in two years,

Mortgage rates showed little movement this week with 15-year mortgages ticking up, but the average 30-year fixed-rate mortgage inched down to the lowest level since 2022.

Vice President Kamala Harris’s campaign is preparing a lengthy document laying out an economic policy vision as voters say they want to know more about her approach.

“Naturally, increased homebuilding comes to mind, but the type of properties that do get built should reflect varying price points and not just be concentrated on the upper end of the market.”

The Federal Reserve’s interest rate cut last week has given prospective homebuyers something to celebrate: lower borrowing costs.

The UK's biggest building society will let some first-time buyers borrow up to six times their income.

Jay Powell argued this week that the Fed is not 'behind' as it starts rate cuts. His main task in the coming months is to keep that narrative intact if the job market keeps cooling and the economy deteriorates.

The average rate on a 30-year loan fell to 6.09% this week, according to Freddie Mac. Mortgage rates have been falling over the last few months in anticipation of the Fed rate cut that came Wednesday.

Mortgage rates fell again this week with the benchmark 30-year note marching closer to 6%, but the market remains stalled as potential buyers and sellers wait for steeper declines.

The decline in mortgage costs, influenced by expectations of the Federal Reserve’s rate moves, could revive interest in buying, selling and remortgaging, economists said.

Investors have sent stocks and bonds higher on expectations of a soft landing. But some Republicans think the central bank overstepped its bounds.

As inflation cools and the Federal Reserve cuts rates, an era of economic upheaval is coming to a close, but not without lingering marks.

Potential homebuyers and sellers have been holding off on making a move amid elevated mortgage rates and sky-high prices. But will the Federal Reserve's rate cut make a difference?

The president’s speech on Thursday won’t be a “victory lap,” officials said, but it will celebrate falling inflation and borrowing costs along with solid growth.

The Federal Reserve cut interest rates, signaling that it has won the fight against inflation.

“We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell, said, referring to the central bank’s decision to cut interest rates by half a point.

Madison Ventures Plus managing director Mitch Roschelle explains how Trump's promise to revive the state and local tax deduction will affect the housing market on 'Varney & Co.'

The average contract rate on a 30-year fixed-rate mortgage dropped 14 basis points in the week ended Sept. 13, to 6.15%, the Mortgage Bankers Association said on Wednesday. Applications for home loans, refinancing, and purchases all jumped last week, the MBA said, citing lower borrowing costs and improved housing affordability as home prices rose more slowly. US mortgage rates peaked about 11 months ago at near 8%, and have since fallen as the Fed signaled its 2022-2023 rate-hike campaign had ended and that its next move would be a rate cut, once policymakers became confident inflation was under control.

Investors are looking to retail sales data for clues to consumer health, the last piece of data that could factor into the Fed's rate decision.

Jerome Powell is unlikely to weigh in on baseless charges of Haitian immigrant pet eating this week but the Fed chair has already weighed in on the town at the center of it all: Springfield, Ohio.