When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mortgage Bankers Association. But when the average 30-year fixed rate jumped to around 6.8% last week, mortgage activity plummeted 10%.

It marked the first rate cut since March 2020, and follows two years of elevated interest rates in the central bank’s fight against inflation. 4 A drone view of new residential home construction ...

Let me share some insights into the ways interest rates are changing how buyers and sellers act and react to the market. Published Dec 20, 2023 at 11:35 AM EST Puttachat/stock.adobe.com

How rising Fed interest rates affect home buyers, homeowners by: Holden Lewis, NerdWallet, Nexstar Media Wire. Posted: Mar 19, 2022 / 11:08 AM CDT. Updated: Mar 19, 2022 / 11:08 AM CDT

In July, 38% of builders cut home prices, which was the highest share since the NAHB began tracking this figure in 2022.

Mortgage rate cuts this spring could lead to increased competition among buyers. FSTOP123/Getty Images There are less than six weeks left until spring starts and what is bound to be an interesting ...

From locking in the rate to government-backed loans, there are options to buy a home. By Shannon Sims Most potential home buyers know the basics. You can secure a lower interest rate by improving ...

How rising Fed interest rates affect home buyers, homeowners by: Holden Lewis, NerdWallet, Nexstar Media Wire. Posted: Mar 19, 2022 / 11:04 AM EDT. Updated: Mar 19, 2022 / 11:04 AM EDT