Finance Minister Chrystia Freeland on Monday announced changes to some mortgage rules as part of an effort to make housing more affordable.
This likely means two things for the housing market: Mortgage rates will stay higher for longer and will stay relatively high even if and when the Fed cuts the benchmark interest rate — a...
Lower borrowing costs will benefit the entire housing market, not just those applying for a mortgage right now.
The average rate on a 30-year fixed mortgage has fallen to 6.09%, according to the latest data from Freddie Mac. Meanwhile, a new Redfin report shows that median monthly housing payments have poste...
The Trudeau government moved Tuesday to provide help to homeowners hit hard by high housing costs with measures meant to make it easier to pay rents and mortgages.
Professionals · Access to CMHC funding, research, knowledge and expertise to help make affordable housing a reality. ; Consumers · Explore homebuyer and rental guides, use mortgage calculators, renovation and maintenance tips.
ICE Mortgage Monitor Report. “As of May, 24% of homeowners with... 10 mortgage holders were below that threshold.” The active mortgage market is gradually shifting as people age out of...
"If layoffs remain low, and mortgage rates ease, housing market activity should rebound modestly this spring — meaning more listings coming on the market and more sales." Read more...
Home prices remain at record highs and mortgage rates are climbing again. Is there any relief in sight for buyers? Potentially. Although home prices continue to break records, they’re rising at a slower pace due to loosening inventory and sluggish demand—and experts project further price growth deceleration in 2025. Meanwhile, even as many are still waiting for lower mortgage rates before taking the home-buying plunge, pending sales data indicates that at least some prospective buyers are st...
current housing cycle, NAR chief economist Lawrence Yun said. Only the paces in January and December 2022 were slower. The data underscores the muting effect higher mortgage rates is having...