Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week.
home sales
Posted inBusiness, Maine, Nation & World, News
Maine home prices rose again in September, but far less than usual
After double-digit leaps during previous months, the increase in home prices slowed. Real estate experts say the market appears to be cooling.
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Posted inBusiness, Nation & World
As the causes of inflation grow, so do the dangers
Consumer prices skyrocketed 6.6% from a year ago – the fastest pace in 40 years.
Posted inBusiness, Maine, News
Maine home sales fell again in August, while prices rose, but market may be leveling off
The number of sales fell by double digits, and the median sale price increased by about the same percentage. Mortgage rates are climbing and could be a wild card.
Posted inBusiness, Nation & World, News
U.S. home sales slipped, prices grew more slowly in August
Sales of previously occupied U.S. homes slowed in August for the seventh month in a row.
Posted inNews
U.S. home sales fall for 6th straight month – a positive sign for buyers
Homes are still selling quickly on average, but many sellers have had to become more flexible on their asking price.
Posted inBusiness, Nation & World, News
Mortgage rates jump on strong employment and inflation data
The inflation data may cause the Federal Reserve to moderate its rate hikes.
Posted inBusiness, Nation & World, News
U.S. home sales fell in June as prices reach new heights
After climbing to a 6.49 million annual rate in January, sales have fallen to the slowest pace since June 2020, near the start of the pandemic.
Posted inBusiness, Nation & World, News
U.S. home sales slow for the 4th month as prices enter unprecedented territory
The average rate on a 30-year home loan climbed to 5.78% last week, the highest its been since November of 2008 during the housing crisis.
Posted inBusiness, Maine
April home sales fell 21% in Maine, but prices went through the roof
The limited selection of homes on the market last month sold for 25% more than in April 2021.