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Housing market

Mortgage rates are declining, but buyers still need some coaxing to get back into the market. Signs in the market have analysts suggesting the worst of the current mortgage cycle may be behind us in 2024.

The Petersen family’s two-bedroom apartment in northern California is starting to feel small. Four-year-old Jerrik's toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose. Petersen has done the math: With mortgage rates and home prices stubbornly high, there's no way the couple, who make about $270,000 a year and pay about $2,500 in monthly rent, can afford a home anywhere in their area.

With home prices and mortgage rates high, many families find the American dream out of reach

The Petersen family’s two-bedroom apartment in northern California is starting to feel small. Four-year-old Jerrik's toy monster trucks are everywhere in the 1,100-square-foot unit in Campbell, just outside of San Jose. Petersen has done the math: With mortgage rates and home prices stubbornly high, there's no way the couple, who make about $270,000 a year and pay about $2,500 in monthly rent, can afford a home anywhere in their area.
Associated Press Finance 2 hours ago
Move over, Austin: Denver rents are falling at one of the fastest rates in the country

Move over, Austin: Denver rents are falling at one of the fastest rates in the country

Throughout Denver and its suburbs, rents are falling and newly constructed buildings are dangling an array of incentives for signing new leases.
Yahoo Finance 2 hours ago
Mortgage and refinance rates today, February 1, 2025: The 30-year rate decreases for a full week

Mortgage and refinance rates today, February 1, 2025: The 30-year rate decreases for a full week

These are today's mortgage and refinance rates. The 30-year rate has been decreasing, but rates could start rising again soon. Lock in your rate today.
Yahoo Personal Finance 5 hours ago
China home prices, sales slip further in January, report shows

China home prices, sales slip further in January, report shows

The average price per square meter for existing residential properties was down just over 7% in January from a year earlier based on a survey of markets in China's top 100 cities, China Index Academy said in a monthly report. China's residential property market, which once accounted for a quarter of economic output at its peak in 2021, has become a major drag on the economy and a cause for concern for households, investors and Chinese policymakers. In the closing months of 2024, China's central and local governments stepped up efforts to boost sentiment and promote new home purchases through a range of steps, including subsidies for consumers and financing for state-owned enterprises.
Reuters 11 hours ago
How to get a mortgage: Process and tips to boost eligibility

How to get a mortgage: Process and tips to boost eligibility

Mortgage rates have been particularly volatile over the past few years, with borrowers now having to make their budgets stretch to fund far more expensive deals than they were previously used to.
The Telegraph yesterday

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Move over, Austin: Denver rents are falling at one of the fastest rates in the country

Move over, Austin: Denver rents are falling at one of the fastest rates in the country

Throughout Denver and its suburbs, rents are falling and newly constructed buildings are dangling an array of incentives for signing new leases.
Mortgage rates stay stuck near 7%

Mortgage rates stay stuck near 7%

The average 30-year mortgage rate was 6.95% this week compared with 6.96% a week earlier, according to Freddie Mac data.
Fewer homes went under contract in December amid high rate pain

Fewer homes went under contract in December amid high rate pain

The Pending Home Sales Index, which tracks contract signings on existing homes, dropped 5.5% from November to December as mortgage rates hover near 7%.
Mortgage rates drop as Trump holds off on tariffs in first days in office

Mortgage rates drop as Trump holds off on tariffs in first days in office

Mortgage rates followed bond yields lower as traders assessed President Trump's first executive orders. The average rate on a 30-year loan slipped under 7%.
Trump will inherit a housing market creaking under the strain of high prices and high interest rates

Trump will inherit a housing market creaking under the strain of high prices and high interest rates

Trump’s administration has promised to slash mortgage rates and home prices by instituting mass deportations of undocumented immigrants and easing federal regulations around building and land use. But economists and housing market experts say sweeping changes are hardly so simple.
It’s a good time to be a renter almost everywhere — except the Midwest

It’s a good time to be a renter almost everywhere — except the Midwest

Last year provided many renters throughout the US with some relief from rising costs. The exception? The Midwest.
'It's going to hurt': Real estate expert discusses how Trump's deportation plans could affect housing

'It's going to hurt': Real estate expert discusses how Trump's deportation plans could affect housing

In a recent episode of Financial Freestyle, Matt Garland (aka the Mortgage Guy) explained how a mass deportation policy could upend construction and homebuilders.
Mortgage rates top 7%, hitting 7-month high. But relief may be in sight.

Mortgage rates top 7%, hitting 7-month high. But relief may be in sight.

Mortgage rates rose this week to the highest level since May 2024 during a period of market volatility.
California homeowners insurance market tested as fires rage

California homeowners insurance market tested as fires rage

Raging wildfires in Southern California are an early, high-stakes test of new regulations designed to shore up the state’s spiraling homeowners insurance market.
Mortgage rates jump again, approaching 7% barrier

Mortgage rates jump again, approaching 7% barrier

Fourth week of higher rates comes after 10-year Treasury yields, which mirror mortgage rates, rose after new economic data released this week pointed to stickier inflation and more job openings.
Mortgage and refinance rates today, January 31, 2025: How can you snag a rate under 7%?

Mortgage and refinance rates today, January 31, 2025: How can you snag a rate under 7%?

These are today's mortgage and refinance rates. Rates are staying high, but you can use several strategies to get a better one. Lock in your rate today.
Yahoo Personal Finance yesterday
25 Cities That Could Have the Most Stable Housing Markets by the End of 2025

25 Cities That Could Have the Most Stable Housing Markets by the End of 2025

Both homebuyers and real estate investors should be well informed ahead of purchasing property about how the housing market in any given location is performing. Is it thriving? Is it tanking? What...
GOBankingRates yesterday
Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 5.94%, Freddie Mac said. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions.
Associated Press Finance yesterday
FMCC
Mortgage rates stay stuck near 7%

Mortgage rates stay stuck near 7%

The average 30-year mortgage rate was 6.95% this week compared with 6.96% a week earlier, according to Freddie Mac data.
Yahoo Finance yesterday
Mortgage Rates in US Inch Down, Keeping 30-Year Loans Below 7%

Mortgage Rates in US Inch Down, Keeping 30-Year Loans Below 7%

(Bloomberg) -- Mortgage rates in the US dropped for a second straight week.Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollHow the 2025 Catholic Jubilee Is Reshaping RomeTrump Paves the Way to Deputize Local Police on ImmigrationHousing Aid Uncertain After Trump’s Spending Freeze MemoTrump's Federal Funding Pause Threatens State Financials The average for 30-year loans was 6.95%, down from 6.96% last week, Freddie Mac said in a statement. House hunters have
Bloomberg yesterday
FMCC
20 Cities Earning the Least Money for Real Estate Investors

20 Cities Earning the Least Money for Real Estate Investors

Investing in real estate can be a financially savvy move; but, like any investment, it's not without risk. If you're buying a single-family home with the intention of renting it out, you need to be...
GOBankingRates 2 days ago