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“Unlike the turn of the millennium, house prices today are rising alongside mortgage rates, primarily due to low inventory,” Sam Khater, Freddie Mac’s chief economist, said in a statement ...
Median home prices are about 30% higher today than pre-pandemic, outpacing income gains made in the same period. ... Read the latest financial and business news from Yahoo Finance. Show comments ...
Mortgage rates increased for the fourth straight week, inching closer to 7%. The average 30-year mortgage rate was 6.93% in the week through Wednesday, according to Freddie Mac data, up from 6.91% ...
The housing market today isn’t identical to that of the ‘80s, but it’s pretty close. ... house prices today are rising alongside mortgage rates, primarily due to low inventory,” Sam Khater ...
Associated Press Finance 1 hour ago Stock market today: Nvidia and other tech stocks drive Wall Street higher. U.S. stock indexes are rising Monday to recover more of the holiday-season slide that bridged the new year.
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Mortgage rates are continuing to soar and home prices have reached record prices. This, coupled with low inventory might still leave many buyers on the... Real Estate 2023: Will Mortgage Rates and ...