The housing market has not hit the bottom in existing home sales yet, Fannie Mae projected.With mortgage rates having previously soared to around 8%, existing home sales will likely decline further to bottom out in early 2024. The good news is that sales will rebound as mortgage rates are expected t

Mortgage applications rose to their highest level in six weeks after the 30-year fixed mortgage rate fell to 7.44% last week.Total home loan applications increased 3% for the week ending Nov. 17 compared to the previous week, according to data from the Mortgage Bankers Association (MBA).Mortgage rat

While prospective homebuyers are grappling with still-elevated mortgage rates, a growing share of Americans are enjoying being mortgage-free.In 2022, nearly 40% of U.S. homeowners owned their homes outright, according to Census Bureau data analyzed by Bloomberg. In total, 33.3 million single-family

Seemingly forever, the average time between reaching a sales agreement and closing on that property has hovered around 45 days — a month and a half. It’s not something consumers think about much when they set out to buy a first home or plan to upsize to accommodate life changes. In fact, if you were