• November 7, 2024

Mortgage rates move higher for sixth consecutive week

Mortgage rates are edging higher for their sixth consecutive week, according to Freddie Mac, with the average 30-year fixed rate mortgage ticking up to 6.79%. Yahoo Finance housing reporter Claire Boston sits down with Brad Smith on Wealth to dissect this new mortgage print ahead of today's interest rate decision from the Federal Reserve, referencing how the central bank and housing markets are viewing the environment under a second Donald Trump administration after his 2024 election victory. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

  • November 7, 2024

Fully owned homes reach 39.8% nationwide in 2023: Census survey

According to the latest data from the US Census Bureau's American Community Survey (ACS), the share of mortgage-free homes in the United States reached 39.8% in 2023. Yahoo Finance Housing Reporter Dani Romero breaks down the details, highlighting the states where this trend is most prominent. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith