Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Prospective homebuyers should be finding it easier to purchase a house as average prices come down and interest rates have seemingly peaked.According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.47% earlier this week, marking its lowest level since April 2023. Mortgage rates peaked at 7.79% last October.Thirty-year fixed mortgage rates have remained above 6% since September 2022 in part due to the Federal Reserve raising federal interest rates in order to combat high inflation.
Lower interest rates should 'pique' the interest of prospective homebuyers Since the second quarter of 2022, housing prices have relaxed. Prices have declined 7.3% in the last two years, although homes are now still far more expensive than before the pandemic.However, incomes have greatly increased in recent years as well. Median weekly earnings have increased by 7.2% in the last two years, federal data shows.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19 dropped to 10th leading cause of US deaths in 2023Justin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
California governor cleans up homeless encampments despite advocates' dismayJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
Cash App users could claim up to $2,500 as part of major settlementJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
New report indicates opening a new credit card could become more difficultJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
US doctors on guard for strain of mpox spreading in AfricaJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »
Delta passengers want reimbursement for missed trips following tech outageJustin Boggs is a writer for the E.W. Scripps company. Justin covers anything from politics to sports and entertainment.
Read more »