Rates on 30-year mortgages ticked up to 6.26% from 6.24% last week, while borrowing costs on 15-year mortgages averaged 5.54%, up from 5.49% last week.
Buyers took advantage of lower mortgage rates, lifting sales and pushing prices higher for the 28th straight month as supply edged down.
With more Americans planning to age in place, demand is rising for warm, unobtrusive accessibility upgrades. Buyers increasingly want stylish, age-ready home features.
Florida Realtors Chief Economist: Positive trends over the past months appear to be continuing, even considering the disruption caused by last fall’s two hurricanes.
Only 8% of recent buyers feel they overpaid, down from 15% in 2023. Realtor.com said today’s slower market is giving shoppers more time to make deliberate decisions.
FAU’s latest poll shows 80% of Americans are concerned about housing costs, yet many remain hopeful about future opportunities despite rising everyday expenses.
NAR’s 2025 Profile of Real Estate Firms finds most are concerned about housing affordability and rising business costs, even as more expect stronger profitability.
A sharp divide among Fed officials has made a December rate cut uncertain, which could ultimately influence mortgage rates and keep borrowing costs elevated.
Homeowners have several ways to stay current on mortgage payments, from online portals to mail or phone. Extra payments can also shorten the loan term.
More than half of U.S. adults say Thanksgiving hosting influenced their latest home search, with Gen Z and millennials most likely to prioritize big kitchens and gathering spaces.
