Table of Contents After appearing to finally have some relief from high interest rates on mortgages, the rates went even higher! This is all because of renewed conflict abroad. Rates Tick Up This Week The interest rate on a 30-year fixed mortgage climbed to 6.49% during the week ending July 9, 2026.That is an increase of 6 basis points compared to the 6.43% that was...
This week saw a slight fall in the mortgage rates, thus providing some breathing room to American citizens who are dealing with a very costly housing market. According to the article, the rate for the 30-year fixed mortgage fell to 6.47% for the week ending June 18, compared to 6.52% in the previous week. Although the difference is insignificant, it counts in a very sensitive market.It seems like the...
Ownership costs for property in America will likely appear very different in coming decades. As per a report on the future of the housing market, the median price of an average American house might touch the mark of $1 million somewhere near the year 2050. This means that the achievement is possible in a span of about 25 years from now, while the millennials would be close to retiring by then.This...
It appears that the US real estate sector provided some much-needed hope in the form of rising sales of existing homes in May, indicating that buyers have begun coming back despite high-interest rates and affordability challenges.There were 4.17 million sales on an annual basis, the highest level since late 2025 and also ahead of analysts' expectations. This rise indicates that a certain portion of buyers...
There's a new proposal before the U.S. House that gives older homeowners an incentive to sell. Introduced by Rep. Nicole Malliotakis of New York, the Nest Egg Protection Act would raise the capital gains exclusion for Americans aged 65 and over temporarily. For the next four years—from 2027 to 2030—homeowners who qualify may exclude up to $1 million in profits from taxation for property owned for at...
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