U.S. mortgage rates rise for a fifth straight week to a one-year high
Average long-term U.S. mortgage rates climbed for a fifth consecutive week, reaching their highest level in just over a year and adding pressure to homebuyers.
Homebuyers
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30-year mortgage rate rose to 6.69%, highest level in more than a year
The average long-term U.S. mortgage rate rose for a fifth consecutive week on Aug. 6, adding to affordability pressure for prospective homebuyers as economic growth slows.
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Home prices hit a record as sales slow, keeping mortgage affordability under pressure
June home sales fell as prices reached a record and mortgage rates rose to 6.66%, giving buyers more listings but leaving monthly borrowing costs high.
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Garden Grove first-time homebuyers can attend Aug. 11 workshop tied to up to $110,000 assistance
Garden Grove’s Aug. 11 virtual Homebuyer 101 workshop is required for applicants seeking possible deferred, zero-interest assistance of up to $110,000.
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Colorado Springs has more middle-income listings, but housing gap remains
Colorado Springs added affordable for-sale options for households earning about $75,000, but the market remains below a balanced listing-income match and the City’s broader housing assessment finds a much larger need.