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7 mins read

3 couples who recently got mortgage interest rates under 3% share how they did it

The homebuyers are using the savings from their low-interest-rate mortgages to pay down debt and co…

Alcynna Lloyd   


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2 mins read

A real-estate investor explains how he got a 2.75% mortgage amid 7% rates

Shopping at different banks and mortgage brokers won't yield much difference in rates. So Michael t…

Laila Maidan   


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3 mins read

The housing market is seeing its biggest logjam since before the pandemic

More than 19% of homes on the market saw a price cut in August, the highest share in 5 years, Redfi…

Jennifer Sor   


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2 mins read

Mortgage rates will be high throughout 2025 even as the Fed lowers borrowing costs, Goldman Sachs says

Mortgage rates will remain above 6% next year, with the market already pricing in Fed rate cuts, Go…

Kelly Cloonan   


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2 mins read

Rate cuts were supposed to push mortgage rates lower. The opposite has happened.

Friday's blockbuster jobs report reinforced the surprising increase in mortgage rates, since econom…

Matthew Fox   


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2 mins read

Mortgage rates are falling, but there are 3 reasons buyers are still on the sidelines

Buyers are waiting to see how new rules on agent fees play out, and if mortgage rates and home pric…

Kelly Cloonan   


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4 mins read

Diddy, anticipating his arrest, paid off the mortgage on his $48.5 million mansion

Sean "Diddy" Combs paid off the $18.8 million mortgage on the home in August to "build trust" ahead…

Jordan Pandy,Madeline Berg,Ja…   


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1 min read

The mortgage lock-in effect shaved $20 billion off the US economy in a year

Americans who would have moved in recent years have instead been staying put, clinging to ultra-low…

Jennifer Sor   


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2 mins read

Existing home sales hit a 14-year low as homebuyers hold out for lower rates that may not come

Homebuyers have stayed on the sidelines, waiting for lower mortgage rates. Based on how things are …

Filip De Mott   


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2 mins read

The housing market is thawing as an increasing number of 'mortgage lock' homes go up for sale, JPMorgan says

Existing home inventory increased nearly 6% last month, suggesting the housing market's inventory c…

Jennifer Sor   


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1 min read

New home sales saw the biggest burst of activity in August since 2022, MBA says

New home sales climbed nearly 15% last month, according to the Mortgage Bankers Association, while …

Jennifer Sor   


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1 min read

Home buyers are holding their breath for rate cuts as existing home sales plunge to lowest since the pandemic

Existing home sales fell 1% in August from July, reaching their lowest level since the pandemic, ac…

Kelly Cloonan   


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4 mins read

A homebuyer who got a 2.75% mortgage rate this year broke down how he did it

Brian Sankey got a low interest rate using an assumable mortgage, which is helping him buy a larger…

Alcynna Lloyd   


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4 mins read

I got laid off at 65 and couldn't afford my Bay Area mortgage. Now, I work for myself while traveling the world.

After getting laid off by First Republic Bank in June 2023, Tony Woodall started renting out his ho…

Tony Woodall   


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1 min read

The housing market is seeing a resurgence as sinking mortgage rates unlock more inventory and sales

"Another reason sales are ticking up is buyers and sellers are finally living in the same reality,"…

Filip De Mott   


Jennifer Sor   


Business Insider Latest Story Image
2 mins read

From mortgage rates to home sales, here are Fannie Mae's housing market forecasts for the next 2 years

Today's housing market obstacles will remain through 2024, and total home sales will marginally imp…

Filip De Mott   


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2 mins read

Stock market today: Indexes rise after retail sales boosts confidence on the consumer and the economy

Indexes rose after a surprise 1% jump in retail sales. Bond yields jumped as traders dialed back fe…

Kelly Cloonan   


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1 min read

Soaring mortgage rates take their toll on the US housing market as sales slump to a 13-year low

The latest data is a sign the US remains in a seller's market, according to the National Associatio…

George Glover   


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1 min read

Sellers are doling out freebies to home buyers as sales stall and high mortgage rates freeze the housing market

Home buyers are pickier and are more likely to pull out of sales if they don't get the concessions …

Jennifer Sor