Mortgage Rates Jump Back Up as Iran Peace Deal Unravels, Hitting Homebuyers
Mortgage rates saw a meaningful increase Thursday as a fragile U.S.-Iran peace deal disintegrated amid a hail of mutual airstrikes, driving up oil prices and long-term borrowing costs. The average rate on 30-year fixed home loans rose to 6.49% for the week ending July 9, up 6 basis points from 6.43%
Homes Sales Dip in June as Prices Reaches All-Time High, Squeezing Buyers
Sales of existing homes dropped in June after rallying in May as would-be buyers pulled back due to affordability concerns while the median sales price surged to a record high. Existing-home sales fell 2.4% month over month but rose 2.8% year over year to a seasonally adjusted annual rate of 4.09 mi
EXCLUSIVE: Alec and Hilaria Baldwin Delist $19 Million Hamptons Mansion Yet Again—Weeks After Cutting Price by $1 Million
Actor Alec Baldwin and his wife, Hilaria Baldwin, have once again pulled their longtime Hamptons property off the market—just weeks after trimming $1 million off its asking price and revealing they would be spending the summer in Spain. The Baldwins have spent years trying to offload their sprawling
More Than 10% of All Homes Sit Vacant, but Only a Tiny Fraction Are for Sale
Amid a deepening housing affordability crisis, roughly 1 in 10 homes in the country is sitting vacant, concludes a new report. Around 14.5 million houses are empty, according to a new analysis of U.S. Census Bureau data compiled by personal finance site LendingTree. However, only a shockingly low nu
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