Mortgage Calculator: Here’s How Much You Need To Buy a $430K Home at a 6.55% Rate
Rates surged this week to levels not seen in 11 months as the conflict between the U.S. and Iran continued ratcheting up with no resolution in sight, putting renewed upward pressure on energy prices and bond yields. The average rate on 30-year fixed home loans jumped to 6.55% for the week ending Jul
Multifamily Construction Surges 76% in June as Single-Family Homes Trail Behind
Construction of new single-family homes across the U.S. stalled in June as builders continued pulling back due to high mortgage rates, but the multifamily sector roared back to life, the U.S. Census Bureau reported Friday. Single-family housing starts last month were at a seasonally adjusted annual
Affordability Is Improving in a Surprising Twist—Even as Home Prices Hit Record Highs
Median home sale prices surged to a new record high in June, yet housing affordability actually improved compared to a year ago, creating what at first might seem like a paradox. To explain this contradiction, economists point beyond the raw price to a set of shifting economic factors affecting the
Categories
Recent Posts
