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Housing market

Housing market

Mortgage rates are declining, but buyers still need some coaxing to get back into the market. Signs in the market have analysts suggesting the worst of the current mortgage cycle may be behind us in 2024.
  • Business
    Bloomberg

    Summers Sees Fed Rate Projections Upended, Higher Mortgage Rates

    (Bloomberg) -- Former Treasury Secretary Lawrence Summers said inflation will probably prevent the Federal Reserve from lowering interest rates as much as expected in coming years.Most Read from BloombergAOC Proposes $30 Billion Social Housing AuthorityCalifornia’s Anti-Speeding Bill Can Be a Traffic Safety BreakthroughThe Moonshot Plan to Eliminate Deaths on America’s RoadsNew York City’s Transit System Plans $65.4 Billion of Upgrades for Grand Central, SubwaysTo Build a Happier City, Design fo

  • Business
    HousingWire

    Why have mortgage rates gone up since the Fed rate cut?

    The Federal Reserve cut rates on Wednesday and mortgage rates went up! What happened? The answer lies in the bond market.

  • Business
    Yahoo Finance

    Existing home sales fall in August despite lower mortgage rates

    Sales of existing homes fell in August as house hunters remained on the sidelines despite mortgage rates hitting their lowest level in over a year.