Mortgage rates lower as talk of interest rate cuts intensify: Freddie Mac
Mortgage rates are falling, but borrowers are hesitant in hopes that rates will fall further. (iStock) Mortgage rates fell further this week on reassurance that strong economic data and favorable inflation reports may finally lead the Federal Reserve to cut rates. According to Freddie Mac’s latest report, the average 30-year fixed-rate mortgage for the week […]
Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%
Estimated Reading Time: 2 minutes Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” However we want to interpret this, it’s fascinating. Powell told Congress on Tuesday: “There’s no question that higher interest rates […]
Home prices hit another high while mortgage rates drop slightly
Mortgage rates fell from 6.95% to 6.89% last week. (iStock) Mortgage rates continue to fluctuate, declining slightly from last week when average rates were close to 7%. The average rate for a 30-year fixed-rate mortgage was 6.89% as of July 11. Freddie Mac is. Currently, interest rates on 30-year mortgages are lower than they were […]
Mortgage rates crept back up closer to 7% as home prices increase
The average interest rate on a 30-year mortgage rose to 6.95% last week. (iStock ) Mortgage rates rose sharply this week, hovering near 7%. The jump ended a string of declines this week. Rates on a 30-year fixed-rate mortgage averaged 6.95%. Freddie Mac is. “Mortgage rates rose this week, to just below 7 percent,” explained […]
The South is ranked highest for prospective homebuyers, despite high underwater mortgage rates
San Antonio and Tampa saw the largest increases in housing inventory. (iStock) Today’s home buying market is in the hands of sellers, competition remains fierce, and prices fluctuate. There are some states that are a bit more affordable than others. Zillow recently conducted a survey. Cities in Texas and Florida dominate Zillow’s top 10 best […]
Rocket Mortgage Classic gives CBS Sports highest rated non-major/Signature Event of 2024
Akshay Bhatia’s three-putt on the 72nd hole helped Cameron Davis become the only player at 18 under par to win the 2024 Rocket Mortgage Classic, which led to a big ratings boost for CBS Sports. The network averaged 2.472 million viewers for Sunday’s final round at the Detroit Golf Club, up 1 percent from last […]
Rocket Mortgage Classic prize money payout: How much each PGA Tour player made
Australian golfer Cam Davis beat out Akshay Bhatia and a host of other players to win his second PGA Tour title at the Rocket Mortgage Classic on Sunday. Davis took the lead with a win in his 17th start of the season. His previous best finish was 12th or worse. He shot a 2-under 70 […]
Cameron Davis wins Rocket Mortgage Classic thanks to Akshay Bhatia’s 3-putt
One man’s loss is another man’s treasure, and that adage certainly rang true at the conclusion of the Rocket Mortgage Classic. Cameron Davis reached the clubhouse at 18 under par, while Akshay Bhatia was tied for the lead at the 72nd hole. The 18th hole was a long par 4 at 472 yards. This dogleg […]
Rocket Mortgage final round tee times for the competitive birdie fest
Welcome to Playing Through’s morning ritual, Golf Talk Today. Each morning on “Golf Talk Today,” our staff discusses various elements of the PGA Tour, LPGA, LIV Golf and more. It’s Championship Sunday at the Rocket Mortgage Classic. Akshay Bhatia and Aaron Rai remain tied for the lead at 17 under. The 22-year-old Bhatia shot a […]