US Housing and Lumber Prices Update: November 2024
Total US housing starts in October were 1.31 million units, down -3% from the revised 1.36 million units in September, and down -4% fromĀ October 2023Ā when
Total US housing starts in October were 1.31 million units, down -3% from the revised 1.36 million units in September, and down -4% fromĀ October 2023Ā when
Mortgage rates are a bit unsteady today ā rates on roughly half of purchase terms have increased, and the other half have decreased. Thankfully, according
If the incoming Trump administration picks up where it left off, the last unfinished business of the 2008 financial crisis may soon be addressed: reforming
On Tuesday, the Mortgage Bankers Association (MBA) reported that data from its Builder Application Survey (BAS) reveals that mortgage applications for new-home purchases in OctoberĀ increased
National mortgage rates edged higher for all types of loans compared to a week ago, according to Bankrate data. Rates for 30-year fixed, 15-year fixed,
WASHINGTON, Nov 19 (Reuters) – U.S. single-family homebuilding tumbled in October likely as Hurricanes Helene and Milton depressed activity in the South while permits rose
Federal Reserve Chair Jerome Powell just threw cold water on the hope thatĀ mortgage ratesĀ could drop to 6% by the end of the year. Why? Economic
The average 30-year fixed-rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior,
The current average interest rate for a fixed-rate, 30-year conformingĀ mortgageĀ loan in the United States is 6.786%, according to the most recent data available from mortgage
Total outstanding U.S. consumer debt stood at $5.10 trillion for the third quarter of 2024, increasing at an annualized rate of 3.28% (seasonally adjusted), according
Mortgage ratesĀ have dropped back down after spiking ahead of the election last week. But rates are still around 20 basis points higher than they were
U.S. banks saw weaker demand for a key category of business loans during the third quarter, while the demand picture for consumer credit card and
Jamaicans with outstanding student loans who migrate to the United States could encounter obstacles when updating or renewing their immigration status, due to a recent
An analysis from EY Item Club saidĀ lower interest ratesĀ would see net mortgage lending continue to increase, with a further growth of 2.6% in 2025 and
After an aggressive cycle of interest rate hikes by the Federal Reserve from March 2022 through July 2023, mortgage rates have cooled a bit. Homebuyers
Freddie Mac has released its Primary Mortgage Market SurveyĀ® for the week ending Thursday, November 7th. The 30-year fixed-rate mortgageĀ averaged 6.79%, up from last week
The average rate on a 30-year fixed-rate mortgage is 7.088%, according to Money’s daily rate survey. Money’s 30-year refinance rate is averaging 7.172%. Freddie Mac’s
WASHINGTON, Nov 7 (Reuters) – U.S. mortgage rates increased to a four-month high this week and could rise further amid fears that President-elect Donald Trump’s
U.S. mortgage rates continue to climb, putting additional pressure on refinancing and homebuying activity across the nation, Bloomberg report. The contract rate on a 30-year
The current average interest rate for a fixed-rate, 30-year conformingĀ mortgage loanĀ in the United States is 6.790%, according to the most recent data available from mortgage