The average 30-year fixed mortgage rate rose to 7.28%, adding pressure on home buyers and homebuilder stocks.
The average 30-year fixed mortgage rate rose to 7.28%, adding pressure on home buyers and homebuilder stocks.
House prices are still climbing in some closely followed measures, but other reports now show a weakening market.
By some measures, buying a home today hasn’t been this financially challenging since the late 1980s.
Freddie Mac’s weekly survey of fixed 30-year mortgage rates rose to 7.03% this week—the highest level since January 2025. Economists say they could go a whole lot higher.
High mortgage interest rates are pressuring affordability and building costs are rising.
Lennar, the nation’s third-largest home builder, had a earnings miss last week. But it wasn’t inflation driving up construction materials or tariffs or wages or any of the other usual suspects that stood out. It was land holdings.
Freddie Mac’s average 30-year fixed mortgage rate rose to 6.95% for the week ended Sept. 16, up from 6.76% the prior week.
As mortgage rates rise, builders use incentives to boost home sales at the expense of their margins.
Mortgage rates are linked to the rising 10-year Treasury yield while bond prices have dropped.
With many employees back at their desks, it’s time to start planning a return to these beaten-down investments.
Home builder stocks have been battered by rising mortgage rates, but a valuation signal has historically preceded strong returns for the sector.
Mortgage rates have climbed toward 7%, stunting demand for home purchases.
Home sales are slow so owners are sprucing their digs instead of wringing their hands. It can be just a room or the whole place.
Three big credit firms are “overcharging Americans,” according to Bill Pulte, the head of the Federal Housing Finance Agency.
Home buying is entering a quiet period while prices have dipped in certain metro areas of the U.S., making homes more affordable.
Apollo’s Torsten Sløk said a weak housing market will contribute little to GDP and provide less buffer for stocks if AI spending slows down.
Whether you can buy a house at a discount depends on location. September and October are the best months for finding bargains.
Redfin must re-enter the market for rental listings to resolve antitrust concerns, according to an agreement with the Federal Trade Commission.
At least 10 senior Fannie Mae employees are leaving the secondary mortgage giant, with a senior administration official saying they were terminated.
Toll Brothers topped Wall Street expectations for both earnings and revenue in its latest quarter.
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