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Growing home prices. Housing experts say home prices will continue to rise for the rest of 2024. Fannie Mae forecasts a nearly 5% price appreciation by the end of 2024. NAR predicts the year-end ...
Days on market: With high prices and mortgage rates putting a purchase out of reach for many, homes are taking longer to sell. In June, the median length of time homes spent on the market was 22 ...
As mortgage rates soared, the housing market experienced a prolonged slump. The annual pace of home sales went from more than 6 million in early 2022 to less than 4 million in late 2023, according ...
In the week ending Dec. 26, the 30-year fixed-rate mortgage averaged 6.85%, mortgage guarantor Freddie Mac said Thursday. The popular loan product averaged 6.72% throughout the year, compared to 6 ...
Prospective homebuyers that exited the market in 2023 due to high home prices and mortgage rates may fare better in 2024. A new Realtor.com report predicts that the average mortgage rate in 2024 ...
Here are some mortgage rate predictions for 2024: 30-year mortgage rates will dip beneath 6% and run between 5.9% and 7.3% throughout the year. The economy is expected to balance out a bit more in ...
Tropical Storm Chris was a weak and very short-lived tropical cyclone that brought heavy rainfall and flooding to parts of Mexico in early July 2024. The third named storm of the 2024 Atlantic hurricane season , [ 5 ] Chris developed from a tropical wave that was first noted by the National Hurricane Center (NHC) on June 24.
Freddie Mac reports an average 7.09% for a 30-year fixed-rate mortgage, down 13 basis points from last week's average 7.22%, according to its weekly Prime Mortgage Market Survey of nationwide ...