Real Estate

In your search for your dream home in Anderson, South Carolina, you’ll undoubtedly look at a dizzying number of houses before finding just the right one. From cute craftsman-inspired lake cottages on Lake Hartwell, to Charleston-style dwellings near the downtown Anderson area – the sky’s the limit! As each one offers endless possibilities, it often […]

Mortgage rates reached the highest level in more than 13 years for the second straight week. The average rate on a 30-year fixed-rate mortgage rose to 5.81%, mortgage-finance giant Freddie Mac said Thursday, the highest level since November 2008. Last week, Freddie Mac reported an average mortgage rate of 5.78%, up from 5.23% the week

The median existing-home sale price in the U.S. shot above $400,000 in May, setting a record, as the housing market stalled under the weight of higher mortgage-interest rates. Sales of previously owned homes slid for a fourth straight month, declining 3.4% in May from the prior month to a seasonally adjusted annual rate of 5.41

A measure of mortgage applications fell to its lowest level in 22 years last week, another sign the U.S. housing market is coming back to Earth after a red-hot, two-year stretch. Applications fell 6.5% in the week ended June 3, the fourth consecutive week of declines, according to the Mortgage Bankers Association. Refinance and purchase

On average, a home that sold in April had nearly six offers, according to the National Association of Realtors.

Mortgage rates are at their highest level in more than a decade. Home buyers are fighting back.  More borrowers are paying fees to cut their interest rates and making higher down payments to lower the amount they have to finance, lenders and real-estate agents say. People buying homes under construction are choosing to lock in

The average rate for a 30-year fixed-rate loan jumped to 4.67%, mortgage-finance giantFreddie Mac said Thursday, marking the weekly figure’s highest reading since December 2018. The 30-year fixed rate rose from 4.42% a week ago, continuing a steady rise that has pushed home-loan rates within sight of 5% for the first time in four years.

The era of ultralow mortgage rates is over.

The average rate for a 30-year fixed mortgage topped 4% for the first time since May 2019, Freddie Mac said Thursday.

Interest rates on mortgages are expected to rise as the Federal Reserve is on track to tighten monetary policy this year. Yet for now, rates are staying low. The average rate for a 30-year fixed-rate loan is 3.76%, mortgage-finance giant Freddie Mac said Thursday, down from 3.89% the prior week, with the figures staying near