Tag: Mortgage Rates

US Home Prices Continue to Soar, Despite High Mortgage Rates

A new report from Realtor.com indicates that August home prices rose by 0.7 percent, upsetting the previous two months of year-over-year declines.
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Forget the Second Home at the Lake, US Vacation Home Buyers Are Going to Mexico

With average 30-year fixed mortgage interest rate over 7% and low inventory of homes, Americans are looking for second or vacation residences out of the country.

Getting Priced Out Of The American Dream Of Home Ownership – Is The Crash Near?

A year ago, mortgage rates set record lows as home prices soared. Now, interest rates are near 7%, while home prices have jumped in some places by 40% since 2020.

Too Much Stimulus Is Key Cause for a Coming Recession, Says Bank of America CEO

Excessive stimulus spending by governments during the pandemic is a key cause for a coming recession next year, according to a major bank CEO.

A ‘Perfect Storm’: Sharp Rise in Home Prices, Mortgage Rates Driving Working Americans out of the Market

Rise in home prices and mortgage rates in 2022 has limited effect on wealthy buyers and sellers, but severe impact on lower-income Americans.