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Despite high mortgage rates discouraging many potential buyers, home prices in most major U.S. cities have continued their upward trend throughout 2024.
According to data from Redfin, the median home prices in the 50 largest U.S. cities have risen by 5.8% through November compared to 2023. This surprising growth highlights the resilience of the housing market, even in the face of challenging economic conditions.
Among these cities, Anaheim, California, recorded the highest
Despite high mortgage rates discouraging many potential buyers, home prices in most major U.S. cities have continued their upward trend throughout 2024.
According to data from Redfin, the median home prices in the 50 largest U.S. cities have risen by 5.8% through November compared to 2023. This surprising growth highlights the resilience of the housing market, even in the face of challenging economic conditions.
Among these cities, Anaheim, California, recorded the highest
The average rate for a 30-year mortgage in the U.S. has climbed for the second consecutive week, reaching 6.85%, its highest level since mid-July. This increase mirrors a recent surge in bond yields, which lenders use as a benchmark for pricing home loans, according to Freddie Mac’s report on Thursday.
This week’s rate rose from 6.72% last week, and it’s up from 6.61% a year ago. The last time the 30-year mortgag
The average rate for a 30-year mortgage in the U.S. has climbed for the second consecutive week, reaching 6.85%, its highest level since mid-July. This increase mirrors a recent surge in bond yields, which lenders use as a benchmark for pricing home loans, according to Freddie Mac’s report on Thursday.
This week’s rate rose from 6.72% last week, and it’s up from 6.61% a year ago. The last time the 30-year mortgag
