Mortgage rates drop to 2-month low—an unexpected holiday gift to housing

The recent weakness in the housing market could be turning around, thanks to a steep drop in mortgage interest rates. Consumers signed more contracts to buy existing homes than expected in June......»»

Construction on new houses rose almost 6% in April, but builders still lagged behind last year’s pace despite a big drop in mortgage rates. Housing starts increased to an annual rate of 1.24 million last month......»»

December may be a slow month traditionally for the housing market, but mortgage lenders are suddenly getting busier......»»

With the drop in mortgage rates, what’s to blame now for the housing market headwinds?.....»»

The number of US consumers who applied for loans to buy a home and to refinance 1 rose to an 11-month high last week, signaling that the recent drop in interest rates is reviving housing activity, the Mortgage Bankers As.....»»

According to The Wall Street Journal, average 30-year mortgage rates have now surged to 7.1% and home sales for March, correspondingly, fell 4.3%, the largest drop since November 2022.  Since inflation has also dras.....»»

The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates......»»

The housing sector is going through a major upheaval because of the coronavirus, but that won’t necessarily translate to lower mortgage rates......»»

A sharp drop in mortgage interest rates has sparked a sudden and unexpected refinance boom that has lenders large and small scrambling to handle the volume......»»

U.S. home prices rose at a faster pace in November than the previous month as lower mortgage rates and a sharp drop in available properties have pushed would-be buyers to bid up home values......»»

As fears over the coronavirus roil global financial markets, investors are rushing to the relative safety of the bond market, pushing rates down. The 30-year fixed mortgage loosely follows the yield on the 10-year Treasury......»»

Daryl Fairweather, Redfin chief economist, and CNBC's Diana Olick join 'The Exchange' to discuss what a drop in mortgage rates means for the housing industry......»»

U.S. homebuilding tumbled from more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing......»»

U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing......»»

U.S. homebuilding tumbled from a more than a 12-year high in September, but single-family home construction rose for a fourth straight month, suggesting the housing market remains supported by lower mortgage rates even as the economy is slowing......»»

A lull in home sales earlier this year helped build much-needed supply, but a sharp drop in rates this summer brought demand back and has dramatically depleted that inventory......»»

A lull in home sales earlier this year helped build much-needed supply, but a sharp drop in rates this summer brought demand back and has dramatically depleted that inventory......»»

A lull in home sales earlier this year helped build much-needed supply, but a sharp drop in rates this summer brought demand back and has dramatically depleted that inventory......»»

A lull in home sales earlier this year helped build much-needed supply, but a sharp drop in rates this summer brought demand back and has dramatically depleted that inventory......»»

An unexpected drop in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments......»»