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RARE PHOTOS: 9 - The Real Truth

Average long-term US mortgage rate surged to nearly 7% this week to highest level since November

The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by a dearth of homes for sale

The Independent UK

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high

The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale

The Independent UK

3 Real Estate Stocks to Buy in June

While the Fed’s rate hikes curbed appetite for real estate, the industry’s long-term prospects look impressive. So, investors could consider buying quality real estate stocks, Guild Holdings (GHLD), RMR Group (RMR), and AMREP (AXR). Read on.

StockNews.com

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America's housing shortage is keeping home prices high

The shortage has its roots in the financial crisis, and was exacerbated by the pandemic.

Axios

Boost for homebuyers: Average long-term US mortgage rate eases from 7-month high to 6.71% this week

The average long-term U.S. mortgage rate eased back from a seven-month high this week, a welcome change for homebuyers navigating high borrowing costs and heightened competition for relatively few homes for sale

The Independent UK

Latest mortgage news: Rates keep climbing

The Federal Reserve raised interest rates again in early May, and mortgage rates have responded by climbing. The average interest rate on 30-year mortgages rose to 6.66% this week, up from 6.58% last week, according to Bankrate’s national survey of large lenders.

Tribune News Service

Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks

The average long-term U.S. mortgage rate fell this week to its lowest level in five weeks, welcome news for house hunters looking for an edge as they navigate a housing market constrained by a near-historic low number of homes for sale

The Independent UK

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Borrowers With High Credit Scores Penalized Under New Federal Mortgage Fee Plan

Plus: Buzzfeed News is shutting down, alcohol delivery not linked to higher rates of booze consumption, and more...

Reason

A different kind of mortgage crisis

Banks are retreating from the mortgage market

Axios

Average long-term mortgage rate at lowest level in six weeks

The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway

The Independent UK

Homes are less affordable than at any time since 2008

According to the Federal Reserve Bank of Atlanta, the pandemic has coincided with a historic deterioration in housing affordability.

Fortune

Mortgage rates keep climbing as economy grows. What home buyers and sellers should know

The housing market is on the fritz – again.

Tribune News Service

US mortgage rates climb for third straight week, reaching 6.5%

Mortgage rates in the U.S. rose to the highest level since November, ramping up the pressure on potential homebuyers.

Tribune News Service

Housing market once again braces for higher mortgage rates—where 8 experts see rates going this year

The average 30-year fixed mortgage rate just shot back up to 6.8%.

Fortune

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Fortune

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Tribune News Service

Mortgage rates in the US slip for a fourth week, hitting 6.09%

Mortgage rates in the U.S. fell for a fourth straight week.

Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Reason

The Biden Administration Flirts With Imposing Nationwide Rent Control Via Executive Action

The White House's idea of using Freddie Mac and Fannie Mae to adopt rent control faces numerous legal and practical hurdles.

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The Independent UK

Average long-term US mortgage rate lowest since September

The average long-term U.S. mortgage rate fell this week to its lowest level since September, a potential boost to the housing market which has been in decline for nearly a year

Fortune

A 1981-level mortgage rate shock has the housing market in a correction—these 7 leading research firms predict what's next for rates

There are only three levers that can depressurize affordability: Rising incomes, falling home prices, and falling mortgage rates.

The Independent UK

Average long-term US mortgage rates inch up to 6.48%

The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glimmer of hope

Fortune

Something big is happening in the U.S. housing market—here's where 27 leading research firms think it'll take home prices in 2023

Among the nation's 27 leading housing researchers, 23 expect U.S. home prices to fall further in 2023.

StockNews.com

3 ETFs to Buy Now for Less Than $50

Although cooled inflation raised hopes of a soft landing, the Fed is expected to keep raising interest rates through 2023, putting pressure on the stock market. Given this backdrop, under-$50 ETFs First Trust Low Duration Opportunities (LMBS), SPDR Nuveen Bloomberg Short Term Municipal Bond (SHM), and First Trust Value Line…

Axios

Mortgage rates fell for the fourth straight week

One economist is calling the top

Fortune

Check out UFB Direct—an online bank offering savings products with APYs of at least 5%

Savers might find that UFB’s high rates complement their existing banking relationship.

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