Homebuyers in costly markets could soon be eligible for $1 million mortgages with just a 3 percent deposit thanks to a new loan cap from the Federal Housing Finance Agency
The Fed is expected to reduce its interest rate increases to half of a percentage point in December, though tighter monetary policy will continue until inflation ebbs
Home prices are moderating and buyers are regaining bargaining power in a market correction, but a lingering affordability crisis is keeping some house hunters glued to the sidelines
After speeding into home purchases from 2019 to 2021, first-time buyers were slowed down by historically high home prices and skyrocketing mortgage rates in 2022
Despite persistent annual growth, the September Case-Shiller National House Price Index (HPI) revealed significant home price declines in some overheated housing markets
Mortgage rates fell for the third straight week over the Thanksgiving holiday, but despite a glimmer of price relief for borrowers, refinance demand followed a similar trajectory
A flood of new listings at the start of 2023 could cause home prices to plunge, but the pace of an ongoing market correction will be determined by the Fed's revised monetary policy