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See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 15-Year Mortgage RatesAverage 15-year mortgage rates have been hovering in the high 5% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. Mortgage rates are still elevated, but over time they should ease as the Fed lowers rates.

Persons: we'll, Freddie Mac Organizations: Federal Reserve, Fed, Mortgage Research Center, Mortgage, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs Locations: Chevron

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

☆ The Container Store could be the next big chain to go bankrupt
▼ + stars: | 2024-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

New York CNN —Even the power of Marie Kondo may not be enough to save the Container Store. In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Credit rating agencies rank the Container Store as one of the most financially distressed companies in the retail industry. The Container Store had been set to receive a much-needed $40 million financial lifeline from Beyond, the owner of Bed Bath & Beyond and Overstock.com, that would have put Bed Bath & Beyond products on Container Store shelves. “The rise of platforms like Temu have given consumers some much cheaper options for the type of products Container Store sells,” Saunders said.

Persons: Marie Kondo, Kondo, Marie, Melissa Reiff, Joann Fabric, Justin Sullivan, Tim Hynes, ” Neil Saunders, Satish Malhotra, “, ” Saunders, Christina Boni, ”, “ It’s Organizations: New, New York CNN, Netflix, Research, Bed, GlobalData, CNN, Target, Container, ModernRetail, Walmart, Moody’s Locations: New York, Amazon

But investors see Bessent as a smart pick for Treasury secretary, and this sentiment sent bond yields — and therefore mortgage rates — lower. But mortgage rates are still elevated compared to where they've been in the last few months. See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are still elevated, but over time they should ease as the Fed lowers rates.

Persons: Scott Bessent, they've, Donald Trump's, Freddie Mac Organizations: Treasury, Mortgage Research Center, Mortgage, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed Locations: Chevron

☆ 10 things the Club is watching in the market Wednesday, including CrowdStrike, HP, Dell
▼ + stars: | 2024-11-27 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

CrowdStrike delivered a very good quarter after Tuesday's closing bell, with management raising its full-year outlook on sales, operating income, and earnings. Mortgage rates dropped last week, pushing home loans for purchases up 12% week over week and 52% year over year. Best Buy shares were steady Wednesday morning after their nearly 5% post-earnings drop in the previous session. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: CrowdStrike, Wells, Donald Trump, Kevin Hassett, Hassett, Stanley Black, Decker, Jim Cramer, We're, — CNBC's Zev Fima, Jim Cramer's, Jim Organizations: Dow, Nasdaq, Street, RBC, Dell, HP, Wall Street, National Economic Council, of Economic Advisers, Apple, Financial Times, Citi, holding's, Disney, Comcast's Universal, Paramount, Comcast, NBC Universal, CNBC, Jim Cramer's Charitable Locations: Wells Fargo, China

☆ Bad news if you’re looking to buy a house in the next two years
▼ + stars: | 2024-11-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.

Persons: Freddie Mac, ” Lawrence Yun, “, Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, ”, Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana

☆ 5 things we're watching in the stock market in the week ahead
▼ + stars: | 2024-11-17 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

October retail sales, released Friday morning, came in slightly ahead of expectations, indicating a 0.4% monthly increase, versus a 0.3% increase expected. Disney's reported strong earnings and its stock advanced more than 16% for the week as a result. In the week ahead, we will get earnings from three Club names, including the highly anticipated quarter from Nvidia, and a couple of housing market-related updates. The Street is looking for Nvidia sales of $33.1 billion in its fiscal Q3 and earnings of 75 cents per share. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Donald Trump, Friday's, Jerome Powell, Powell, That's, YTD We're, we're, Jensen, Trump, Nvidia's, Stanley Black, Decker, Jim Cramer's, Jim Cramer, Jim, Angela Weiss Organizations: Dow, Nasdaq, Federal, Fed, Disney, Depot, Nvidia, TJX Companies, Home Goods, Blackwell, Palo Alto Networks, Home Depot, Stanley, Walmart, Viking Holdings, Sonoma, WSM, Baidu, PDD Holdings, Deere & Co, Warner Music Group, Intuit, Ross Stores, CNBC, Traders, New York Stock Exchange, AFP, Getty Locations: Maxx, U.S, China, Palo, VIK, Williams, New York City

Mortgage rates were forecast to go down in 2025. Expectations of higher inflation and more government debt under Trump have helped mortgage rates rise in recent weeks. Why mortgage rates rose ahead of the election — and are still high nowMortgage rates went down a lot in September, with 30-year rates dropping near 6%, according to Freddie Mac. How Trump's policies could lead to higher mortgage ratesZhao says that right now it's "nearly impossible" to predict where mortgage rates will go in 2025. More supply would help moderate home price growth, improving affordability even if mortgage rates remain high.

Persons: Donald Trump's, Trump's, —, Freddie Mac, they're, Chen Zhao, Melissa Cohn, Trump, Zhao, Kamala Harris, Cohn Organizations: Trump, Service, Bond, William, Mortgage, Analytics

☆ Why Builders Are Renting Out New Houses Instead of Cutting Home Prices
▼ + stars: | 2024-11-13 | by ( James Rodriguez | ) www.businessinsider.com time to read: +11 min

Builders, meanwhile, are luring buyers with some perks but are barely budging on prices. That's partly because these companies have another place to turn: the rental market. Opportunistic investors — mostly small and midsize players, who own the vast majority of single-family rentals in the country — are happy to oblige. Builders have also started developing entire communities of single-family homes to be rented out rather than sold, a strategy known as build-for-rent. Their embrace of the rental market says more about the obstacles for buyers than for builders.

Persons: homebuilders, John Burns, Keith Hughes, —, Horton, Don Mullen, they've, Adam Stern, Sean Morgan, Alex Offutt, Ray Sturm, Sturm, Selma Hepp, It's Organizations: John Burns Research, Consulting, Builders, John, Houston, Owners, SFR, Sun, Dallas, Local, Business Purpose, Offutt Locations: Tampa , Florida, Carolinas, Nashville, Horton

☆ The Federal Reserve cuts interest rates by a quarter point after election. Here's what that means for you
▼ + stars: | 2024-11-07 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Mortgage ratesHousing affordability has been a major issue due in part to a sharp rise in mortgage rates since the pandemic. Trump has said he'll bring down mortgage rates — even though 15- and 30-year mortgage rates are fixed, and tied to Treasury yields and the economy. Mortgage rates are unlikely to fall significantly, given the current climate, explained Jacob Channel, senior economist at LendingTree. Federal student loan rates are fixed, so most borrowers won't be immediately affected. But refinancing a federal loan into a private student loan will forgo the safety nets that come with federal loans, such as deferments, forbearances, income-driven repayment and loan forgiveness and discharge options.

Persons: Joshua Roberts, Matt Schulz, Trump, Jessica Caldwell, Edmunds, Trump's, Caldwell, Michele Raneri, Jacob Channel, Mark Kantrowitz Organizations: Federal, Reuters, Auto, Fed, Treasury, TransUnion, Mortgage, Association . Locations: Washington ,, Edmunds, U.S

☆ Mortgage rates surge higher on Trump victory, causing housing stocks to fall
▼ + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

"The expectation among bond traders coming into the election was that rates would move higher in the event of a Trump victory and especially a red sweep. "The builder stocks are highly sensitive to mortgage rates and mortgage rate expectations. Big builders have been buying down mortgage rates for their customers, but that has been cutting into their margins. Mortgage rates don't follow the Fed, but do react to the central bank's thinking on the economy. Stronger-than-expected economic reports in September and October caused bond yields, and consequently mortgage rates, to move higher.

Persons: Donald Trump's, Matthew Graham, Horton, PulteGroup, Lowe's, John Burns, Trump, Carl Harris, Graham Organizations: Mortgage News, Trump, . Housing, John Burns Real Estate Consulting, National Association of Home Builders, Federal Reserve, National Association of Realtors Locations: U.S, D.R

☆ Weekly mortgage demand tanks 11% as interest rates surge higher
▼ + stars: | 2024-11-06 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications for a mortgage to purchase a home decreased 5% for the week and were just 2% higher than the same week one year ago. Mortgage rates, however, are pricing some buyers out again, and concern over the economy and the election may have some sitting on the sidelines right now. Mortgage rates were essentially flat to start this week, and whatever the results, or nonresults of the election, will surely play into recent volatility.

Persons: Joel Kan, Kan Organizations: Mortgage, Federal Reserve Locations: Alhambra , California

☆ Brits brace for higher mortgage payments despite Bank of England seen cutting rates
▼ + stars: | 2024-11-06 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Oversnap | E+ | Getty ImagesLONDON — Britons are facing the prospect of higher mortgage rates for longer after the government's tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. Mortgage rates also took a hit from the uncertainty, with a number of smaller and mainstream lenders raising mortgage rates on the expectation that interest rates may stay higher for longer. watch nowVirgin Money became the first major lender to raise mortgage rates after the budget, lifting them by 0.15%. "This isn't the radical spike in rates that have blighted mortgage rates in the last couple of years. He added that interest rates could now remain 50-basis-points higher than previously expected at the end of the cutting cycle.

Persons: Rachel Reeves, Reeves, —, David Hollingworth, Hollingworth, Allan Monks, BOE Organizations: Bank of England, Wednesday, Virgin Money, Santander, Morgan's Locations: London's, Oversnap

☆ Pending home sales took an unexpected leap higher last month, but rates are now much higher
▼ + stars: | 2024-10-30 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

These so-called "pending" sales were at the highest level since March and 2.6% higher than September of last year. Since pending sales are based on signed contracts, representing people out shopping during the month, it is the most current indicator of buyer demand. "Further gains are expected if the economy continues to add jobs, inventory levels grow, and mortgage rates hold steady." Regionally pending sales were higher year over year in the Northeast and West and flat in the Midwest and South. The levels of mortgage demand are still historically low, and sales, while higher, are as well.

Persons: Lawrence Yun, Selma Hepp Organizations: National Association of Realtors, Analysts, Mortgage News, Realtors, Mortgage, Association Locations: Northeast, West, Midwest, homebuyers

☆ While investors are focused on Big Tech earnings, a homebuilder gives a dire warning
▼ + stars: | 2024-10-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

There could be trouble ahead for consumers and the economy if interest rates don't come down, the latest financial results from D.R. "While mortgage rates have decreased from their highs earlier this year, many potential homebuyers expect rates to be lower in 2025," he said in a statement . Horton year to date The rate for a 30-year fixed mortgage is currently 7%, according to Mortgage News Daily . Mortgage rates are tied to the yield on the 10-year Treasury note, which has recently spiked higher. For the fiscal fourth quarter that just ended, it reported earnings of $3.92 per share on revenue of $10 billion.

Persons: Horton, David Auld, LSEG Organizations: Wall, Mortgage News, Federal Reserve, Treasury, Toll, Pulte, KB, Home Locations: Arlington , Texas

☆ 19 cities where rent is falling fast, even as price hikes continue to frustrate consumers
▼ + stars: | 2024-10-27 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

The glass-half-full view is that price increases for single-family rental units are rather low, at least compared to the surges early in the pandemic. There's a similar dynamic going on in the single-family rental market, according to Rentometer. Fewer single-family units to choose from means that tenants have less bargaining power and may be forced to accept rent increases. 19 cities where rent is quickly slidingAlthough rent broadly is on the upswing, there are many cities where single-family rental units are getting cheaper, even if they're admittedly few and far between. Below are those places, along with their average rent and rent growth in the third quarter, plus their region.

Persons: homebuyers, —, Rentometer Organizations: Service, Savings, Business Locations: Midwest, Northeast, Southeast

Mortgage rates for October 26, 2024, are hovering in the mid-6% range, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. High mortgage rates pushed many hopeful buyers out of the market, slowing homebuying demand and putting downward pressure on home prices. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they'll, you'll, they've, Freddie Mac, it's, Fannie Mae Organizations: Federal, Fed, Traders, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Mortgage, Association Locations: Chevron

☆ Here’s why mortgage rates are rising after the Fed’s rate cut
▼ + stars: | 2024-10-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

Expectations of a Fed rate cut caused mortgage rates to drop to a two-year low of 6.08% in late September, but it failed to spur homebuying activity. Every percentage point on a mortgage rate makes a big difference for that monthly payment. Here’s what’s driving the recent upswing in mortgage rates. Mortgage rates track the 10-year US Treasury yield, which was expected to fall in anticipation of further rate cuts. “I am clearly not going to own any fixed income.”The government’s fiscal situation might already be having an impact on mortgage rates.

Persons: Freddie Mac, pare, what’s, ” Sam Khater, Freddie Mac’s, Robyn Beck, Donald Trump, Kamala Harris, Harris, “ We’re, Paul Tudor Jones, “, ” Lawrence Yun, Kimberly Bradley, Zach, Kimberly, “ I’ve, ” Kimberly, ” Ken Lowrey, Ken Lowrey, “ homeownership, ”, Lowrey Organizations: Washington CNN, Federal Reserve, National Association of Realtors, Mortgage, Association, Treasury, Getty, Federal Budget, Trump, CNBC, US Postal Service Locations: AFP, Manteo , North Carolina, Charleston , South Carolina

Sales fell in three out of four U.S. regions, with just the West region seeing a gain. Inventory rose 1.5% month to month to 1.39 million homes for sale at the end of September. That represents a 4.3-month supply at the current sales pace. Distressed property sales accounted for only 2% of all transactions in September.”The pressure of still low inventory continues to push prices higher. First-time buyers pulled back again, making up just 26% of September sales.

Persons: ”, Lawrence Yun, ” Yun, Cash, Yun Organizations: National Association of Realtors, Homes Locations: U.S

☆ We're buying more shares on the dip in this Fed rate-cut stock tied to housing
▼ + stars: | 2024-10-22 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Following Tuesday's trade, Jim Cramer's Charitable Trust will own 145 shares of HD, increasing its weighting to 1.65% from 1.14%. Dow stock Home Depot has dropped $18 per share — or a little more than 4% — since making a new high of $418 last Wednesday. Some of this decline is probably due to profit-taking since the stock has gone straight up since Sept. 6. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer's, nonfarm payrolls, Jim Cramer, Jim Organizations: Dow, Home, Federal, UBS, CNBC

☆ Asking prices for UK homes barely rise in October, Rightmove says
▼ + stars: | 2024-10-21 | by ( ) www.cnbc.com time to read: +1 min

Asking prices for British homes rose only marginally in October as more properties came onto the market, according a survey on Monday that also suggested some buyers were waiting for clarity on tax changes in the new government's upcoming budget. Asking prices rose by just 0.3% in October, well below their average for a 1.3% monthly increase for the month, property website Rightmove said. Overall activity in the property market remained strong, with buyer demand rising. "Despite a budget-shaped cloud on the horizon, the big picture still looks positive for the market heading into 2025. Mortgage lenders Halifax and Nationwide both reported rises in house prices in September.

Persons: Rightmove, Tim Bannister, Bannister Organizations: Bank of England, Nationwide Locations: London's Muswell Hill, London, Halifax

☆ Wall Street analysts get it wrong on two of our portfolio industrial stocks
▼ + stars: | 2024-10-21 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

New research from Wall Street analysts missed the mark on two of our industrial-focused stocks. The news on Stanley Black & Decker Baird increased Stanley Black & Decker's price target to $104 per share from $94. Baird reiterated its hold-equivalent rating on shares, arguing Stanley Black & Decker's "turnaround progress remains a key focus." SWK YTD mountain Stanley Black & Decker YTD Big picture Stocks tied to housing like Stanley Black & Decker have been under pressure lately because the 10-year Treasury yield keeps rising despite the Federal Reserve's jumbo 50-basis-point interest rate cut last month and signals of further easing into year-end and beyond. Stanley Black & Decker "will be ignited when those [rate cuts] start occurring in earnest," he said.

Persons: Stanley Black, Decker Baird, That's, Baird, Decker, Stocks, Stanley, Jim Cramer, DuPont Morgan Stanley, Morgan Stanley, Jim, Jim Cramer's, Michael M Organizations: Wall Street, Federal, DuPont, de Nemours, Barclays, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: New York City

30-Year Mortgage RatesAverage 30-year mortgage rates are close to 6.20%, according to Zillow data. 5-Year Mortgage Rate TrendsHere's how 30-year and 15-year mortgage rates have trended over the last five years, according to Freddie Mac data. Mortgage rates are determined by a variety of different factors, including larger economic trends, Federal Reserve policy, your state's current mortgage rates, the type of loan you're getting, and your personal financial profile. But now that inflation has decelerated and the Fed is expected to cut rates soon, mortgage rates have trended down. This means your entire monthly mortgage payment, including taxes and insurance, shouldn't exceed 28% of your pre-tax monthly income.

Persons: they've, Fannie Mae, you'll, Freddie Mac, it's Organizations: Federal, Zillow, ARM, Federal Housing Administration, Department of Veterans Affairs, Fed, Mortgage, Association Locations: homebuyers, Chevron

The best way to determine how much house you can afford is by working backward from your current budget. Current mortgage rates: The lower your mortgage rate, the more house you can afford. Where you live can impact home affordabilityHow much house you can afford depends a lot on where you live. How much house can I afford FAQsWhat percentage of my income should I spend on a house? The more debt you have, the less house you'll be able to afford.

Persons: You'll, Brian Walsh, Walsh, you'll, Freddie Mac, that's, it's, homebuyers Organizations: Business, CFP, . Census Bureau, National Association of Insurance, Consulting, homeownership, DTI, Chevron Locations: West Virginia, U.S, Washington, Alabama, New Jersey, Chevron

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow a rare type of mortgage is landing homebuyers a 3% mortgage ratePopular in the 1970s and 1980s, assumable mortgages have largely fallen out of the public consciousness. But as U.S. mortgage rates plateau above 6%, interest in this rare type of mortgage has seen a steady climb over the past three years. Now, U.S. homebuyers are looking into mortgage assumption as a way to secure a sub-3% mortgage rate. Watch the video to learn more about assumable mortgages, how they work, and why they can come with their own set of hurdles.

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