High Mortgage Rates Fail to Curb US Home Price Increases
Despite 6-7% 30-year fixed mortgage rates, US home prices rose 5.8% through November 2024 in 50 major cities; Anaheim, CA, saw the highest increase (12.5%), driven by limited supply and proximity to Los Angeles, while San Antonio and Austin remained flat.
High Mortgage Rates Fail to Curb US Home Price Increases
Despite 6-7% 30-year fixed mortgage rates, US home prices rose 5.8% through November 2024 in 50 major cities; Anaheim, CA, saw the highest increase (12.5%), driven by limited supply and proximity to Los Angeles, while San Antonio and Austin remained flat.
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48% Bias Score
U.S. Home Prices Climb Despite High Mortgage Rates
Despite high mortgage rates, median home prices rose 5.8% in the 50 largest U.S. cities through November 2024, with Anaheim, California, leading at 12.5%, driven by limited housing supply and proximity to Los Angeles; similar trends occurred near New York City and in other areas.
U.S. Home Prices Climb Despite High Mortgage Rates
Despite high mortgage rates, median home prices rose 5.8% in the 50 largest U.S. cities through November 2024, with Anaheim, California, leading at 12.5%, driven by limited housing supply and proximity to Los Angeles; similar trends occurred near New York City and in other areas.
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36% Bias Score
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate fluctuated between 6.07% and 7.22% in 2024, closing at 6.60%, with anticipated future decreases; however, refinancing's viability depends on individual circumstances, including credit score, home equity, and planned residency duration.
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate fluctuated between 6.07% and 7.22% in 2024, closing at 6.60%, with anticipated future decreases; however, refinancing's viability depends on individual circumstances, including credit score, home equity, and planned residency duration.
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44% Bias Score
Fed Rate Cut Amidst Persistent High Mortgage Rates: Fintech Innovations Offer New Housing Solutions
The Fed's third rate cut of 2024, coupled with persistent high mortgage rates, creates ongoing challenges to home affordability; however, fintech innovations are emerging to offer alternative lending models, AI-driven solutions, and fractional homeownership options, impacting home equity access and ...
Fed Rate Cut Amidst Persistent High Mortgage Rates: Fintech Innovations Offer New Housing Solutions
The Fed's third rate cut of 2024, coupled with persistent high mortgage rates, creates ongoing challenges to home affordability; however, fintech innovations are emerging to offer alternative lending models, AI-driven solutions, and fractional homeownership options, impacting home equity access and ...
Progress
48% Bias Score
UK House Prices Rise 3.4% Annually Despite Recent Regional Falls
UK house prices increased by £10,000 annually to £292,000 by October 2023, driven by lower mortgage rates, but recent price falls in some regions signal a potential slowdown due to rising inflation and interest rates.
UK House Prices Rise 3.4% Annually Despite Recent Regional Falls
UK house prices increased by £10,000 annually to £292,000 by October 2023, driven by lower mortgage rates, but recent price falls in some regions signal a potential slowdown due to rising inflation and interest rates.
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20% Bias Score
Conflicting Predictions for December 2024 Home Prices
Conflicting predictions exist about whether home prices will drop in December 2024, with some experts citing typical seasonal slowdowns, while others point to continued strong buyer demand and limited supply potentially keeping prices high, possibly even increasing them.
Conflicting Predictions for December 2024 Home Prices
Conflicting predictions exist about whether home prices will drop in December 2024, with some experts citing typical seasonal slowdowns, while others point to continued strong buyer demand and limited supply potentially keeping prices high, possibly even increasing them.
Progress
40% Bias Score
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate started 2024 at 6.62%, reached a high of 7.22% in May, fell to 6.07% in September, and currently sits at 6.60%, with future rate cuts anticipated, influencing the viability of refinancing in 2025 based on individual circumstances.
2024 Mortgage Rate Fluctuations and 2025 Refinancing Outlook
The average 30-year mortgage rate started 2024 at 6.62%, reached a high of 7.22% in May, fell to 6.07% in September, and currently sits at 6.60%, with future rate cuts anticipated, influencing the viability of refinancing in 2025 based on individual circumstances.
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40% Bias Score
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
30-Year Mortgage Rate Hits Highest Level Since Mid-July at 6.85%
The average U.S. 30-year mortgage rate rose to 6.85% this week, its highest level since mid-July, driven by increased bond yields and the Federal Reserve's revised rate cut forecast, impacting the already-sluggish housing market.
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48% Bias Score
US Housing Market: Job Growth and Inventory to Drive 2025 Recovery
Despite high mortgage rates, America's housing market anticipates a 2025 boost from robust job growth and increased housing inventory, with the South and West projected for faster growth.
US Housing Market: Job Growth and Inventory to Drive 2025 Recovery
Despite high mortgage rates, America's housing market anticipates a 2025 boost from robust job growth and increased housing inventory, with the South and West projected for faster growth.
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44% Bias Score
Mortgage Rates Rise, Demand Dips
Last week's increase in the average 30-year fixed-rate mortgage to 6.75% led to a 0.7% decrease in total mortgage applications, the first decline in five weeks; however, purchase applications increased by 1%, exceeding last year's numbers.
Mortgage Rates Rise, Demand Dips
Last week's increase in the average 30-year fixed-rate mortgage to 6.75% led to a 0.7% decrease in total mortgage applications, the first decline in five weeks; however, purchase applications increased by 1%, exceeding last year's numbers.
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36% Bias Score
2025 Mortgage Rates Projected Above 6%, Posing Affordability Challenges
Multiple economists forecast 2025 average 30-year mortgage rates to remain above 6%, ranging from 6% to 6.8%, influenced by President-elect Trump's potential policies impacting inflation and the national debt, creating affordability challenges for homebuyers despite increased home inventory.
2025 Mortgage Rates Projected Above 6%, Posing Affordability Challenges
Multiple economists forecast 2025 average 30-year mortgage rates to remain above 6%, ranging from 6% to 6.8%, influenced by President-elect Trump's potential policies impacting inflation and the national debt, creating affordability challenges for homebuyers despite increased home inventory.
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40% Bias Score
Russia's Subsidized Mortgages Inflate Housing Prices Without Boosting Construction
Between May 2020 and June 2024, Russia's multi-apartment construction increased by 15% to 115 million square meters due to subsidized mortgages; however, apartment prices doubled or tripled, indicating that the program inflated prices rather than boosting construction.
Russia's Subsidized Mortgages Inflate Housing Prices Without Boosting Construction
Between May 2020 and June 2024, Russia's multi-apartment construction increased by 15% to 115 million square meters due to subsidized mortgages; however, apartment prices doubled or tripled, indicating that the program inflated prices rather than boosting construction.
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44% Bias Score