mortgage rates

We aren’t headed for the double-digit mortgage rates of the 1980s, but don’t expect the 3% rates of the pandemic, either.

The average rate on a 30-year fixed just climbed above 7.1% for the first time in more than two years. That's making cheaper, adjustable-rate mortgages more attractive to some buyers.

The 30-year fixed mortgage rate hit a more than two-year high last week, sending mortgage applications down for the third consecutive week.

And it’s already too expensive for many Americans.

They’re cheaper in the short term, riskier in the long run.

Pending home sales and housing starts are down. Meanwhile, mortgage rates hover above 6.5%.

The number of people looking to buy a home hit a record low in July. For wealthier buyers, there are deals to be had in many parts of the country.

Immigration policy and supply chain uncertainty are factoring into construction firms’ hiring decisions.

The average 30-year fixed mortgage rate edged up to 6.66% last week, the highest in a year, reversing a decline that had briefly pushed rates below 6% in February

Single-family home construction spending is down 4% from last May, according to new Census Bureau data, as elevated mortgage rates and affordability pressures drag down demand.