Tag Archives: Mortgage Interest Rates

‘Last hurrah?’ Pending home sales fall in August

“Sharply rising mortgage interest rates in the spring motivated buyers to make purchase decisions, culminating in a 6½-year peak for sales that were finalized last month,” said Lawrence Yun, chief economist for the Realtors. “Moving forward, we expect lower levels … Continue reading

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Bay Area home sales subside, but prices increase

Bay Area home sales continued lurching toward normalcy in August, as the median price rose compared with a year ago while sales volume was flat, according to a real estate report released Friday. The median price of $540,000 paid across … Continue reading

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Buy your next house from a warehouse

Home builders are facing a tough buyer market, as mortgage interest rates rise and wage growth struggles. They are facing soaring land costs as well as limited labor and supplies. This pushed Pulte to raise prices 9 percent in the … Continue reading

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Mortgage interest rates on upswing: Here’s the pocketbook impact

What a difference two months (and 1.11%) makes: Higher rates mean this Brisbane condo would now pencil out to $254 more a month (Kiesha Stephens/Redfin) Mortgage interest rates are on a tear. Last week they registered their sharpest one-week spike … Continue reading

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Pending Home Sales Soar 6.7 Percent to 6-Year High

“Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher,” said Lawrence Yun, chief economist for the Realtors. “This … Continue reading

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