Here’s why despite lower mortgage rates many hopeful buyers still can’t afford a house https://t.co/nCrrStx28b ...

Here’s why despite lower mortgage rates many hopeful buyers still can’t afford a house https://t.co/xXRI7ZTdYy ...

Mortgage rates recently fell to a 13-month low before inching slightly higher. See how 30-year mortgage rates compare across every U.S. state. https://t.co/mt79zBuNIy ...

So, Prashant, we know that these homebuilders have been doing these mortgage rate buy downs where if the 30 year fixed rate mortgage is six and a half percent, they'll bring it down to something lower, maybe in the 5% range. But your reporting shows that a lot of these homebuilders are managing to bring down the mortgage rate to something in the neighborhood of 3% or 2% or even 1%, things we haven't seen since the COVID era. Yeah, I think of it like, you know, sort of like being in a at a car dealership or ...

Mortgage rates in the US climbed after four weeks of declines, a reversal that will further strain affordability for buyers https://t.co/fi0Mt6vGfO ...

In markets across the US, homebuilders sitting on unsold inventory are subsidizing mortgage rates so heavily they sometimes match the record lows last seen during the Covid-19 pandemic https://t.co/pxULDhhC4G ...

cylinders. We'll get more reads on the consumer in coming weeks. Rough Lauren, Tapestry, Target, and Walmart.All still to come this month. So, what is the real read on the consumer. Guy, what's your take.>> Exactly. That that there's two different economies right now. The people that are doing well that are trading down but are still a bit have the ability to spend and then on the lower end, people are strapped.And I think that's been going on for quite some time. And we see it in the performances of these ...

Mortgage rates made fractional moves lower today. According to Zillow, the average 30-year fixed rate was down four basis points to 6.08%. The 15-year fixed loan fell one basis point to 5.62%. Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.08% 20-year fixed: 5.89% 15-year fixed: 5.62% 5/1 ARM: 6.41% 7/1 ARM: 6.48% 30-year VA: 5.67% 15-year VA: 5.19% 5/1 VA: 5.53% Remember, these are the national averages and rounded to the ne ...

The median US first-time homebuyer is now 40 years old, up from 33 in 2021, thanks to soaring prices and high mortgage rates. https://t.co/k3mfSVdnMB ...

Core Insights - Mortgage rates have increased, with the 30-year fixed mortgage rate rising to 6.12% and the 15-year fixed rate to 5.63% due to a 3% rise in 10-year Treasury yields over the past week [1] Current Mortgage Rates - The current national average mortgage rates are as follows: - 30-year fixed: 6.12% - 20-year fixed: 5.91% - 15-year fixed: 5.63% - 5/1 ARM: 6.50% - 7/1 ARM: 6.47% - 30-year VA: 5.64% - 15-year VA: 5.26% - 5/1 VA: 5.60% [5] Refinance Rates - The current national average refinance rates are generally higher than purchase rates, with the 30-year fixed refinance rate at 6.24% [16] Economic Outlook - Economists do not anticipate significant drops in mortgage rates before the end of 2025, with potential rate cuts from the Federal Reserve being uncertain [13][17] - The Federal Reserve has made rate cuts in 2025, with a 65% chance of another quarter-point cut predicted for the next meeting in December [14] Mortgage Payment Comparisons - A $400,000 mortgage at a 30-year term with a 6.12% rate results in a monthly payment of approximately $2,429, leading to $474,494 in interest over the term - Conversely, a $400,000 15-year mortgage at a 5.63% rate results in a monthly payment of about $3,296, totaling $193,279 in interest [8]