Interest Rates

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Inflation, Housing Affordability Weigh Down Consumer Sentiment

Nearly 80% of respondents believe the economy is on the “wrong track.” More

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Mortgage Rates Climb for Fifth Straight Week, Surpassing 7.5%

Sellers remain hesitant to list homes in the high mortgage rate environment, and... More

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Federal Reserve Raises Interest Rates to 22-Year High

While headline inflation has cooled, core inflation—price increases minus food and... More

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Federal Reserve Raises Rates by 25 Basis Points in Wake of SVB Collapse

Despite uncertainty in the banking sector, the Federal Reserve’s actions signal a... More

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Existing-Home Sales Decrease 5.9% in October

Sales fell 28.4% on a year-over-year basis as high mortgage rates priced out many... More

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Mortgage Rates Once Again Rise Above 7%

The 7.08% average for the 30-year FRM is more than 4 percentage points higher than... More

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IBS 2019: Economist Sees Correction on the Horizon

A shortage of entry-level houses and rising interest rates will influence the... More

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IRS: Interest on Some Home Equity Loans Still OK Under New Tax Law

Interest paid must be used for buying, building, or substantially improving a... More

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Do Better Deals for Homeowners Mean More to Spend on Remodeling?

Remodelers and industry insiders consider the impact of dropping home prices and mortgage interest rates on a potential new sector of remodeling clientele. More

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In financing, no one size fits all

Most contractors find that people who finance home improvements tend to spend more... More

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