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DHI News11 articles
Mortgage Rates Hover Near Multi-Year Highs as Housing Data Sours
Mortgage rates held near recent peaks on Monday, with the 30-year fixed rate at 6.49%. New home sales tumbled 17.6% in January to the lowest level since late 2022.
Mortgage Rates Surge Past 6.5% as Bond Selloff Rattles Housing Market
Mortgage rates climbed above 6.5% Friday, reaching a multi-month high as Treasury yields surged. The jump pressured housing stocks and caused a sharp drop in mortgage applications.
Mortgage Rates Hit 6.22%, Housing Market Stumbles as Spring Season Begins
The average 30-year fixed mortgage rate climbed to 6.22% this week, the highest level since December. Housing stocks declined as higher borrowing costs and falling sales dampened sentiment.
Mortgage Rates Hold Near 6.3% as Fed Stays Put, Cooling Refinance Demand
Following the Federal Reserve's decision to maintain its benchmark interest rate, the average 30-year fixed mortgage rate held near 6.3% this week. Mortgage applications fell sharply, led by a 19% drop in refinancing activity.
Mortgage Rates Climb, Threatening Spring Housing Momentum
U.S. mortgage rates increased to 6.29% this week, reversing a brief dip below 6% and threatening the spring housing market's early momentum. California's median home price reached $830,370 in February, with sales remaining below 300,000 for the 41st consecutive month.
Mortgage Rates Dip to 6.29% as Fed Decision Looms, Housing Market Shows Mixed Signals
The average 30-year fixed mortgage rate declined to 6.29% on Tuesday from 6.36% as bond markets stabilized before the Federal Reserve's policy announcement. Pending home sales increased 1.8% in February amid the rate relief.
Mortgage Rates Climb, Housing Stocks Retreat Amid Mixed Data
Mortgage rates increased this week, with the average 30-year fixed loan reaching 6.11%. Housing starts and permits declined in January, though mortgage applications rose. Major homebuilder and lender stocks traded lower.
Mortgage Rates Dip Below 6% Threshold, Yet Housing Stocks Face Persistent Headwinds
The average 30-year fixed mortgage rate declined to 5.98% this week, marking its first sub-6% reading since 2022. Despite the favorable rate move, major housing equities sold off sharply as broader market concerns and sector-specific challenges weighed on sentiment.
Mortgage Rates Slide to 6.01%, Yet Housing Market Momentum Remains Elusive
The average 30-year fixed mortgage rate dropped to 6.01% this week, hitting a multi-year low. However, mortgage lenders and homebuilder stocks exhibited mixed performance amid tepid housing data.
Mortgage Rates Dip as Markets Pause; Builders Gain Ahead of Fed Minutes
U.S. mortgage rates declined slightly, with the average 30-year fixed rate at 6.13%. Markets were closed for Presidents Day, with homebuilder equities advancing ahead of key economic data this week.
Mortgage Rates Hold at 6.23% Amid Data Delay; Key Reports Loom
U.S. 30-year fixed mortgage rates remained steady near 6.23% as bond markets paused ahead of delayed jobs and inflation data. Mortgage-related stocks showed mixed premarket movement.