Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season.
Housing
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By Alex Veiga Associated Press
A series of lawsuits, including two filed in federal court in Nevada, claimed homeowners were forced to pay artificially inflated real estate agent commissions.
By Alex Veiga The Associated Press
The benchmark 30-year home loan rate increase deals another blow to prospective homebuyers facing an increasingly unaffordable housing market.
By Alex Veiga and Matt Ott Associated Press
Freddie Mac said the average rate on a 30-year home loan reached its highest level since 2002, which could increase costs for borrowers by hundreds of dollars a month.
Homebuyers are pulling back in Southern Nevada and around the U.S. as higher mortgage rates wipe out the cheap money that fueled America’s unexpected housing boom after the pandemic hit.