
Mortgage Rates Increase for Fourth Straight Week
Rates on 30-year fixed rate loans rose to 6.93% from 6.91% last week. Rates on 15-year mortgages ticked up to 6.14%.
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Redfin: Home Tours Rise Modestly to Start 2025
Home tours rose 2% to start 2025, showing renewed buyer interest. Sales are slower nationally as mortgage rates remain high.
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NAR: Young Buyers Still Fenced Out of Ownership
Young adults face delays in homeownership due to high prices and interest rates, and low inventory, with first-time buyer rates at record lows.
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Looking at the Hidden Costs of Homeownership
First-time buyers are sometimes surprised by ownership costs beyond their mortgage, including taxes, insurance, utilities, maintenance and HOA fees.First-time buyers are sometimes surprised by ownership costs beyond their mortgage, including taxes, insurance, utilities, maintenance and HOA fees.
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