Mortgage rates ease, pulling the average rate on a 30-year home loan to just below 7%
The average rate on a 30-year mortgage dipped to just below 7% this week.
Source: neworleanscitybusiness.com
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A little relief. Just a little. Mortgage rates ease.
A year ago, the mortgage rate averaged 6.71%. Five years ago, it stood at 3.82%, according to the Federal Reserve Bank of St. Louis.
Source: boston.com
Ticker: Mortgage rates ease just below 7%; Over 1.2 million rechargeable lights recalled
The average rate on a 30-year mortgage dipped to just below 7% this week, little relief for prospective homebuyers already facing the challenges of rising housing prices and a relatively limited inventory of homes on the market.
Source: bostonherald.com
A key home price metric has skyrocketed since 2019
In the 50 largest U.S. metros, price per square foot rose by 52.7% during the five-year period ending in May 2024, according to Realtor.com.
Source: housingwire.com
Home prices not budging, hit new high in March: Case-Shiller
Home prices are now 6.5% above their level this time last year, reaching their ninth all-time high within the past year, according to S&P CoreLogic Case-Shiller.
Source: fox5dc.com