Mortgage Rates Jump Past 6.9% After Treasury Plan Falls Short If you’ve been watching Houston mortgage rates, you probably noticed a big shift this week. Rates on 30-year conforming loans climbed to 6.92%, according to a new report from HousingWire. Jumbo rates hit 7.14%. That’s a jump from recent weeks. The trigger? A Treasury buyback …
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Can the Government Help Lower Houston Mortgage Rates? Every homebuyer wants lower rates. The big question is whether the government can help. According to a recent HousingWire analysis, the answer is yes. But it won’t happen right away. Some economic issues need to be resolved first. For buyers tracking Houston mortgage rates, this news is …
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Rates Near 6.86% as Buyer Stress Mounts Mortgage rates are near 6.86% this week. That’s according to a new HousingWire report. Applications actually rose 3.6%. So buyers are still out there looking. But here’s the concerning part. Stress is growing in FHA and VA loan portfolios. Those loans help first-time buyers. They let you put …
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Mortgage Rates Hit 6.69% – Lowest Point in Nearly a Month Good news for Houston home buyers. Rates just fell to their lowest level in nearly four weeks. The average 30-year fixed rate dropped to 6.69% on Thursday. That’s down from recent highs. The drop came from lower oil prices and a cool inflation report. …
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Mortgage Applications Jump as National Rates See a Slight Drop Are you waiting for the right moment to buy? You are not alone. New data shows more people are jumping into the market right now. According to a weekly survey from the Mortgage Bankers Association, mortgage applications rose 3.6% last week. This growth comes after …
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Home Equity Hits $18 Trillion — What That Means for You American homeowners have never had more wealth. Home equity just hit a record $18 trillion. That’s according to a new report from Intercontinental Exchange. So what does that mean for the Houston housing market? Annual home price growth rose to 1.5% in July. That …
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23,000 Jobs Lost: What It Means for Houston Mortgage Rates The U.S. lost 23,000 jobs in July. That’s a big deal for anyone watching Houston mortgage rates. The number fell well short of the 80,000 forecast. Economists say the weak report could give buyers some relief. Here’s why. According to a HousingWire report on the …
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Rates Hit 6.81% — Homebuyers Feel the Squeeze Mortgage rates just hit a new high for the year. The 30-year fixed rate rose to 6.81%. That’s the highest level in over a year. According to data from the Mortgage Bankers Association, applications dropped 2.9% last week. Purchase loans fell 4%. Refinances dropped 2% too. Even …
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Congress Passes the ROAD Act to Fix the Housing Shortage Congress just passed a major housing bill. It’s called the 21st Century ROAD to Housing Act. This law could change the Houston housing market for years to come. It aims to fix the housing shortage that’s been driving up prices. According to a report from …
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Mortgage Rates Expected to Hold Near 6.3% Through Late 2026 If you’ve been waiting for mortgage rates to drop, here’s the latest outlook. Economists now expect the 30-year fixed rate to stay near 6.3% to 6.4% for the rest of 2026. According to a recent HousingWire report, John Burns Research and Consulting projects rates will …
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