Mortgage rates

Home Depot reported improved second quarter sales, with revenue increasing to $47.86 billion and earning $4.77 billion for the three months ended Aug. 2. The company credited this success to broad-based demand as customers continued focusing on smaller projects. This strong performance occurs while the U.S. housing market remains pressured by rising mortgage rates and slowed existing home sales.

Mortgage rates have reportedly eased slightly, which was enough to revitalize some activity within a struggling mortgage market. This development suggests that the upward trend in mortgage rates has finally ceased.

Redfin ranked Nashville as the nation's second-strongest buyer's market in June, behind Miami, with 129% more sellers than buyers and homes spending 78 days on the market. The median home price rose 2.8% to nearly $500,000, but sellers reduced prices, with 17.7% of listings having price cuts averaging 3.4%.

Mortgage rates reached their highest level in over a year, leading to a decline in total mortgage demand compared to the previous year's levels.

More people are delaying home purchases as rising mortgage rates negatively impact the housing market. Data confirms a decline in buyer activity due to increased rates.

Austin's real estate market has experienced a significant decline, with home prices dropping nearly 25% since 2022. Ryan McPherson purchased a $615,000 home but now faces selling it at a 30% loss due to oversupply, high mortgage rates, and reduced demand. The city's housing slowdown contrasts with earlier pandemic-era growth and mirrors trends in other post-pandemic hotspots.

A Bankrate report reveals 87% of borrowers are overpaying on their mortgages, costing the average homeowner over $3,300 annually. The study highlights that most buyers don't compare lenders, and advises shopping around to avoid losing tens of thousands over a 30-year loan. The same applies to refinancing.

Young people are becoming 'forever renters' due to unaffordable home prices driven by low supply, high mortgage rates, and stagnant incomes. A Midwestern city's program aims to attract out-of-state homebuyers.

The US economy grew at a sluggish 1.5% annual rate in Q2 2026, driven by consumer spending and AI-related business investment but weighed by rising imports. Mortgage rates hit a one-year high, with the 30-year fixed rate reaching 6.66%, while consumer confidence fell to 90.8 in July amid rising gas prices and geopolitical tensions.

Bloomberg Money discusses rising mortgage rates and 'boomerang' kids, featuring Richard Clarida and Lori Calvasina. The segment covers economic and financial topics with insights from PIMCO and RBC Capital Markets experts.

The article highlights challenges to homeownership in the U.S., including inventory shortages, high mortgage rates, and regulatory barriers. It advocates for the 21st Century ROAD to Housing Act as a solution and emphasizes homeownership's role in building intergenerational wealth. A National Association of REALTORS® poll shows 85% of respondents associate homeownership with the American Dream.

House prices increased slightly in July, but high mortgage rates and concerns about taxes are discouraging people from relocating. The market shows minimal growth amid ongoing financial uncertainties.

Mortgage rates have reached their highest level in a year due to the Federal Reserve's interest rate decision and the war in the Middle East, which are fueling inflation concerns. The increase in rates is linked to fears of rising inflation driven by these factors.

The average 30-year U.S. mortgage rate rose to 6.66%, the highest level in a year, according to Freddie Mac. Higher rates, driven by Federal Reserve policy and rising inflation expectations linked to the Iran conflict, have reduced homebuyers' purchasing power and contributed to sluggish U.S. home sales.

New home sales increased in June, but higher mortgage rates are preventing potential buyers from entering the market. The median new house price was $398,300, a 2.7% decrease compared to the previous year.

Over 70% of recent home buyers expected mortgage rates to decrease, but many are now facing financially unsustainable payments as refinancing is not an option for them.

Mortgage rates rose to the highest level since last August, but homebuyer demand increased as buyers see more supply.

Over 25% of homeowners are using funds intended for new homes to renovate their current properties due to affordability challenges, high interest rates, and community attachment. Experts recommend prioritizing functional upgrades like kitchens and bathrooms to enhance resale value, while cautioning against costly, niche features like home theaters.

A Bank of America report finds that over 25% of homeowners are using funds intended for moving to renovate their current homes due to affordability challenges and high interest rates. Homeowners are prioritizing upgrades like kitchens and bathrooms to add future resale value while avoiding relocations that disrupt communities and personal networks.

Mortgage rates experienced the largest increase since the beginning of the Iran conflict, with five lenders raising prices within a 24-hour period. The surge highlights a significant shift in the mortgage market linked to geopolitical tensions.

Mortgage rates have increased, creating a setback for Andy Burnham. The rise in rates is directly linked to challenges faced by Burnham.

High mortgage rates, record home prices, and stressed consumers are contributing to a decline in existing home sales and builder sentiment this summer.

The average 30-year U.S. mortgage rate rose to 6.55%, the highest in nearly a year, driven by higher borrowing costs linked to the Federal Reserve's policies, bond market expectations, and a war with Iran pushing up oil prices. Freddie Mac reported the increase, noting the rate's upward trajectory has slowed home sales, with pending transactions falling 5.4% in June.

Mortgage rates increased to their highest level in a year in 2026, negatively impacting the housing market.

A high credit score can lead to significant savings on mortgage loans, but the article explores how high a score is needed to secure the lowest mortgage rates. Experts are providing insights into this topic.

Mortgage rates increased to their highest level in nearly a year, leading homebuyers to delay purchases, while refinancing activity showed slight improvements.

US Federal Reserve Chair Kevin Warsh emphasized the Fed's commitment to addressing inflation, dismissing a recent decline in consumer prices as 'just one datapoint' and avoiding direct answers about potential rate hikes. President Donald Trump cited the same inflation data to claim administrative success, while Warsh linked higher mortgage rates to inflation exceeding the Fed's goals.

The article discusses the possibility of mortgage rates decreasing even if the Federal Reserve maintains its benchmark interest rate. Experts suggest that mortgage rates could drop without an additional Fed rate cut.

US home prices reached an all-time high in June 2025 despite a 2.4% monthly decline in existing home sales. Mortgage rates have risen due to inflation concerns and higher oil prices, though they remain below year-ago levels. First-time buyers accounted for 33% of purchases, down from May but up from June 2024.

US existing home sales declined in June as house prices reached a record high. Higher mortgage rates are deterring potential sellers from listing their homes.

U.S. existing home sales slowed in June, but national home prices reached a record high, exacerbating affordability challenges. Prices rose in the Northeast while falling in the West, with mortgage rates and inventory shortages driving regional disparities.

Home sales in June decreased month-over-month due to persistently high mortgage rates, while home prices reached an all-time high.

US home prices reached an all-time high as sales declined and mortgage rates increased. The report indicates a slowing market despite rising prices.

US home prices reached an all-time high in June as sales of previously occupied homes slowed. Rising mortgage rates and affordability challenges are impacting prospective buyers.

US home prices reached an all-time high in June, with existing home sales declining 2.4% from May but rising 2.8% compared to June 2023. Affordability challenges persist as mortgage rates have increased since spring amid the U.S.-Iran tensions, though rates remain lower than a year ago.

US home prices reached an all-time high in June 2026, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May, though annual sales increased 2.8% compared to June 2025. Mortgage rates have risen since spring 2026 amid concerns over the US-Iran conflict and inflation.

US home prices reached an all-time high in June, with the median sales price rising 1.8% annually to $440,600. Existing home sales slowed by 2.4% from May but increased 2.8% compared to June 2023, while mortgage rates have trended higher due to inflation concerns linked to the US-Iran conflict.

Mortgage demand has dropped due to mortgage rates remaining in a narrow range for over a month. The lack of movement in rates has led to weak demand.

The US housing market is shifting toward balance as inventory increases and price growth slows, with 44% of agents reporting balanced conditions in Q2. Home sales rose 3% year-over-year in May, but affordability challenges persist due to 6.6% mortgage rates and elevated prices, despite a 2.5% annual drop in asking prices.

Nationwide has cut mortgage rates as competition intensifies among lenders, sparking a price war. The move reflects heightened rivalry in the lending sector.