New home sales soared 7.4% MoM in March (dramatically better than the +1.3% MoM expected), lifting sales up 6.0% YoY... While new home sales soared amid the tumbling mortgage rates, April has seen rates surge back up to 7.00%, suggesting this sudden sales spike will be short-lived... And if confirmation was needed, the more timely 'mortgage applications' data shows a major plunge in the last two weeks... ...and if you're hoping for lower rates to keep the American Dream alive, that will likely come at the cost of a recessionary...

Mortgage applications are an early indicator of sales activity in the housing market.

Mortgage rates shot up for the second week in a row, to a two-month high, as home buyers are taking a break from the market.

Mortgage rates rose nearly 30 basis points in two weeks, due to increased uncertainty over the future of the U.S. economy as the Trump administration continues to levy tariffs on imported goods.

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Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what’s next for Fed rate cuts, labor data and inflation. While mortgage rates always fluctuate, the direction of the housing market is more uncertain than ever. Lingering inflation, threats of a global trade war and mounting recession fears have driven mortgage rates up and down in recent months. The average 30-year fixed mortgage interest rate is 6.89% today, a decrease of -0.08% compared to one week ago. The average rate for a 15-year fixed mortgage is...

Massport is set to build a massive 20-megawatt solar farm on a swath of acreage at the Worcester airport. The state’s port operator announced the deal to build the clean-energy array with Kearsage Solar. The annual power generated, 22.3M kw, is roughly equal to Massport’s own energy use every year. “Transforming this underutilized land at Worcester Regional Airport into one of the largest solar fields in the state is a win for the environment, a win for the community, and a smart step toward a more resilient future,” said Massport...

The 30-year fixed-rate mortgage averaged 6.83% as of mid-April. That’s the biggest one-week jump in a year.

In the thick of the busiest season for the real-estate industry, home prices are falling in some cities as high mortgage rates hammer those local markets.

Homeowners are struggling to sell in markets including California, Texas and Florida amid economic uncertainty and high interest rates.

Rates for home loans surged amid evidence that higher borrowing costs and financial and economic uncertainty are holding back the housing market. In the week ending April 17, 30-year fixed-rate mortgages averaged 6.83%, Freddie Mac announced Thursday. That’s up from 6.62% last week and marks the biggest one-week jump since last August. Those figures don’t include fees or points, and rates in some parts of the country may be higher or lower than the national average. Mortgage rates follow the same trajectory as the 10-year U.S. Treasury note, which sold...

Mortgage rates spiked this week, mortgage buyer Freddie Mac said Thursday, as President Donald Trump's tariffs led to instability in the bond market. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage increased to 6.83% from last week's reading of 6.62%. The average rate on a 30-year loan was 7.1% a year ago. "The 30-year fixed-rate mortgage ticked up but remains below the 7% threshold for the thirteenth consecutive week," said Sam Khater, Freddie Mac’s Chief Economist. "At this...

US mortgage rates jumped last week by the most since October on the back of heightened volatility in the Treasury market, causing a pullback in financing applications for home purchases and refinancing.

The contract rate on a 30-year mortgage increased 20 basis points in the week ended April 11 to 6.81%, the highest since February, according to Mortgage Bankers Association data released Wednesday. Rates on adjustable and 15-year fixed mortgages also climbed.

Rates on the benchmark 30-year fixed mortgage have climbed above 7 percent amid tariff and bond market turbulence. Mortgage rates topped 7 percent Friday amid a bond market selloff as markets absorbed the latest developments in U.S. trade policy and global responses. With rates climbing again, prospective homebuyers are growing more cautious, according to Redfin, which predicted on April 10 that the improvement in demand is “unlikely to last.” “Tariffs are coming up for the first time. I hosted an open house over the weekend, and some of the younger...