Realtor.com; Getty Images (1) Mortgage rates ticked up from 6.6% last week to 6.72% for a 30-year fixed home loan for the week ending Dec. 19, according to Freddie Mac. “This week, mortgage rates crept up to a similar average as this time in 2023,” Sam Khater, Freddie Mac’s chief economist, said in a statement. […]

Getty Images Sales of previously owned homes rallied in November as more buyers came off the sidelines, breathing life into the housing market ahead of the holidays. Total existing-home sales increased 4.8% from October to a seasonally adjusted annual rate of 4.15 million last month, the National Association of Realtors® reported Thursday. The November sales

Olivier Douliery/AFP/Getty Images The Fed has delivered another interest rate cut, but unfortunately for homebuyers it doesn’t necessarily mean imminent relief for mortgage rates. As expected, the Federal Reserve cut its overnight policy rate by 0.25 percentage points on Wednesday, bringing the rate down to a new range of 4.25% to 4.5%. The new range

Getty Images The housing market, with its stubbornly high mortgage rates and home prices, has been an unfriendly place for buyers lately. Homeowners, however, are holding the winning hand—and their home equity remains the ace up their sleeves. The Federal Reserve’s Flow of Funds data for the third quarter of 2024 reveals that the total

Realtor.com; Getty Images (1) Mortgage rates fell from 6.69% last week to 6.6% for a 30-year fixed home loan for the week ending Dec. 12, according to Freddie Mac. “The 30-year fixed-rate mortgage decreased for the third consecutive week,” said Sam Khater, Freddie Mac’s chief economist, in a statement. Yet, with the end of the

Getty Images Annual inflation in the U.S. ticked up again last month, but the Federal Reserve is still widely expected to push forward with rate cuts as it meets again next week. Overall prices rose 2.7% in November from a year ago, more than the 2.6% annual gain recorded in October and the second straight

Sean Zanni/Patrick McMullan via Getty Images Two of the most prominent ultraluxury real estate agents in the country and their brother have been arrested on federal sex trafficking charges, following civil allegations of sexual assault. Brothers Tal and Oren Alexander, who co-founded luxury real estate firm Official, were arrested on Wednesday morning in Miami, along

Getty Images As President-elect Donald Trump and his fellow Republicans huddle over what to work into their big tax package next year, one veteran analyst is predicting that housing tax credits will get included. Separately, some GOP lawmakers reportedly have talked about using the forthcoming package to extend their expiring 2017 tax cuts by four

Realtor.com; Getty Images (1) Mortgage rates fell from 6.81% last week to 6.69% for a 30-year fixed home loan for the week ending Dec. 5, according to Freddie Mac. “This week, mortgage rates decreased to their lowest level in over a month,” said Sam Khater, Freddie Mac’s chief economist, in a statement. “Despite just a

Suffolk County Sheriff’s Office; Getty Images The wife of the Gilgo Beach serial killing suspect is preparing to put their dilapidated home in Massapequa Park, NY, on the market. Rex Heuermann, a 60-year-old Manhattan architect is accused of murdering six women and dumping their remains on a Long Island beach. Heuermann is currently being held