First-time homebuyer? These markets are your best bet in 2025
Claman Countdown panelists Dorie and Jenny Lentz break down the top places Americans want to live. By all accounts, 2024 will be a tough year for first-time home buyers in the market, with record home prices, rising interest rates, and soaring insurance premiums all exacerbating the U.S. home affordability crisis. In fact, the proportion of […]
FACT CHECK: Is The Harris Campaign’s Homebuyer Assistance Program Unavailable To Relatives Of Homeowners?
Post shared on facebook Vice President Kamala Harris' proposal would help first-time homebuyers, but she argues it would exclude people who have relatives who are homeowners. Verdict: False This claim is not true. First-generation homebuyers receive more assistance, but the program also applies to non-first-generation homebuyers. Fact check: Former Wyoming Republican Rep. Liz Cheney attended […]
Harris’ Homebuyer Tax Credit Will Drive Up Prices
On Friday’s CNN International broadcast of “First Move,” CNN economic and political commentator The Washington Post Columnist and PBS NewsHour special correspondent Katherine Rampell said a tax credit for first-time homebuyers proposed by Vice President and 2024 Democratic presidential candidate Kamala Harris “would likely be passed on in higher prices” because of limited supply. “Unfortunately, […]
Mortgage rates over 7% are throttling homebuyer demand
Real estate agent Mauricio Umanski says high mortgage rates, high prices and a lack of supply are creating difficulties for homebuyers in the Claman Countdown. Important measures home purchase The number of applications fell for the fifth consecutive week as mortgage interest rates continued to hover above 7%, suppressing demand from prospective buyers. Mortgage Bankers […]
Mortgage rates creep toward 7%, straining homebuyer affordability: Freddie Mac
Homebuyers saw mortgage rates inch upward again this week. (iStock) Mortgage rates have been flat for weeks, but have edged higher this week, approaching 7% for 30-year mortgages, according to Freddie Mac. The average interest rate on a 30-year fixed-rate mortgage for the week ending Feb. 22 was 6.9%, according to Freddie Mac’s latest research. […]
Mortgage rates rise slightly as homebuyer sentiment tanks
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose slightly this week, with 30-year fixed-rate bonds continuing to hover in the mid-6% range. The sluggish housing market suggests consumers are still looking to hold off on moving until interest rates come down, […]
Mortgage rates shift slightly north, but homebuyer demand keeps rising: Freddie Mac
Mortgage interest rates are expected to remain below 7%. (iStock) Freddie Mac says mortgage rates have risen slightly and rates have remained stable in the mid-6% range, but are still attracting interest from homebuyers. The average interest rate on a 30-year fixed-rate mortgage for the week ending Jan. 11 was 6.66%, according to Freddie Mac's […]