Weekly mortgage refinance demand rose 5% after a slight dip in mortgage rates

Mortgage rates are significantly higher than they were at the start of 2024, they pulled back slightly last week but several weeks of straight increases.

from Real Estate https://www.cnbc.com/2024/05/08/weekly-mortgage-refinance-demand-rose-5percent-after-dip-in-mortgage-rates.html

More home sellers are paying capital gains taxes — here’s how to reduce your bill

More home sellers have been hit with capital gain taxes amid soaring property values. Here’s how to reduce your tax bill, experts say.

from Real Estate https://www.cnbc.com/2024/05/07/reduce-capital-gains-taxes-on-your-home-sale-.html

‘The 30-year fixed-rate mortgage is a uniquely American construct,’ analyst says. Here’s why

While the housing market in the U.S. continues to face high price tags and borrowing costs, it’s unique compared to other countries. Here’s why.

from Real Estate https://www.cnbc.com/2024/05/07/why-the-30-year-fixed-rate-mortgage-is-a-uniquely-american-construct.html

Renters’ hopes of being able to buy a home have fallen to a record low, New York Fed survey shows

The share of renters who believe that they one day will be able to afford a home, fell to a record low 13.4%.

from Real Estate https://www.cnbc.com/2024/05/06/renters-hopes-of-being-able-to-buy-a-home-have-fallen-to-a-record-low-new-york-fed-survey-shows.html

Here’s how much it costs to rent a 1-bedroom apartment across 10 major cities in Asia

Here is the median price to rent a 1-bedroom apartment across 10 major cities in Asia, according to the Global Property Guide.

from Real Estate https://www.cnbc.com/2024/05/03/heres-how-much-it-costs-to-rent-a-1-bed-apartment-in-10-asian-cities.html

The Federal Reserve holds interest rates steady, offers no relief from high borrowing costs — what that means for your money

The Federal Reserve pushed out rate cut expectations — here’s what that means for your credit card, mortgage rate, auto loan and savings account.

from Real Estate https://www.cnbc.com/2024/05/01/federal-reserve-holds-rates-steady-what-that-means-for-your-money.html

How to make your home hurricane resistant, as scientists predict an ‘extremely active’ storm season

Upgrades could help consumers protect their home, typically one of their most valuable assets, from hurricanes and other natural disasters.

from Real Estate https://www.cnbc.com/2024/05/01/how-to-make-your-home-hurricane-resistant-amid-climate-change.html

Demand for riskier adjustable-rate mortgages hits highest level of the year, due to rising rates

The share of ARM applications rose to 7.8% of mortgage demand last week, according to the Mortgage Bankers Association. That is the highest level of the year.

from Real Estate https://www.cnbc.com/2024/05/01/demand-for-riskier-adjustable-rate-mortgages-hits-highest-level-of-the-year.html

Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller

It marked another increase after the prior month’s annual gain of 6%, and the fastest rate of price growth since November 2022.

from Real Estate https://www.cnbc.com/2024/04/30/sp-corelogic-case-shiller-home-prices-index-february.html

As home sellers, buyers wait on a Fed cut, here’s how mortgage rates have impacted the spring housing market

While some buyers have come to terms with 7% interest rates, the rate volatility is the factor with the biggest impact, an economist says.

from Real Estate https://www.cnbc.com/2024/04/29/how-mortgage-rates-have-influenced-the-spring-housing-market.html