mortgagerates

Redfin RDFN, -6.85% is shedding employees once more, because the housing market continues to harm from excessive mortgage charges and low demand. Redfin CEO Glenn Kelman mentioned on…

Winter is coming, and the real-estate market is slowly coming to a standstill. In response to a brand new report by Zillow Z, -1.78%, the standard residence within the U.S. noticed its…

NASHVILLE, Tenn. — Excessive mortgage charges and recession fears are hurting house costs, so anticipate progress to be flat this yr, one professional says. “Our forecast is for home-price progress moderation to…

The numbers: Mortgage charges have risen to the best stage in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, in response to knowledge launched by Freddie Mac on Thursday.  That’s the…

Even when Federal Reserve Chairman Jerome Powell and his cohorts stopped climbing coverage charges quickly, the 30-year mounted mortgage fee nonetheless would climb to 10%, in line with Christopher Whalen, chairman…

Right here’s a chart that speaks a thousand phrases in regards to the state of the real-estate market proper now.The chart above, a part of a brand new report by real-estate brokerage Redfin RDFN, -7.03% on the…