Weekly mortgage demand tanks 11% as interest rates surge higher
An “Open House” flag is seen in front of a home for sale in Alhambra, California, on Jan. 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates …
Mortgages
The average age of first-time U.S. homebuyers is 38, an all-time high
Courtneyk | E+ | Getty Images First-time homebuyers in the U.S. are getting older. The median first-time homebuyer has reached an all-time high age of 38 years old, three years …
More homeowners just started pulling cash out of their properties
An aerial view of existing homes near new homes under construction (UPPER R) in the Chatsworth neighborhood on September 08, 2023 in Los Angeles, California. Mario Tama | Getty Images …
Should I pay off my mortgage in retirement? Benz book tackles money questions
milan2099 | E+ | Getty Images Older Americans have significant equity As current and prospective retirees consider how to handle their assets, their homes are one area where they may …
How Halloween, Thanksgiving, Christmas risks affect home insurance
Solstock | E+ | Getty Images Halloween trick-or-treaters and jack-o-lanterns can be downright scary — for your homeowners insurance policy. There is a 14% jump in homeowners insurance claims on …
Pending home sales take unexpected leap higher in September
Signed contracts to buy existing homes in September jumped a surprising 7.4% compared with August, according to the National Association of Realtors. Analysts had been expecting about a 1% gain. …
Shortage is ‘the biggest difference’ in housing market: Property Brothers
Many factors make it hard to buy a home today, but the one that makes “the biggest difference” in today’s market is the housing shortage, Drew Scott, co-host of HGTV’s …
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to …
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand moved lower again last week, even though mortgage …
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Mortgage interest rates rose last week …