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Housing affordability races toward levels not seen since 2006 bubbleIf mortgage rates rise by another half a percentage point — or if home prices go up another 5% — affordability will

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Mortgage Rates Average 5.10% This Week

April 29, 2022The 30-year fixed-rate mortgage barely budged this week, but it’s still stressing home shoppers feeling concern about being priced out. The 30-year fixed-rate mortgage averaged 5

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New home sales hit 4-month low

MARKETS & ECONOMYNew home sales took an 8.6% hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to new data released

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Mortgage rates climb to highest level since 2009

Demand for purchase mortgages was down 17 percent last week compared to the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association on WednesdayBY MATT

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