The slowing housing market was also seen specifically in the City of Chicago. While home sales increased 5.3% year-over-year in December of 2024, the number of homes for sale in the city was down ...

Housing prices are soaring twice as fast as overall inflation. The average rate on a 30-year mortgage topped 7% in January ...

A big factor behind the slowdown was elevated mortgage rates, which spent most of the year above 6.5%. Although rates hit a low of 6.08% in late September — just after the Federal Reserve cut interest ...

Home values have steadily increasing over the past few years, resulting in records amount of home equity. Homeowners in need ...

Hickman’s story is one that unfolded for homebuyers and sellers across the Chicago-area market and the nation last year as ...

First Merchants Corporation ( NASDAQ: FRME) Q4 2024 Earnings Conference Call January 30, 2025 11:30 AM ET Mark Hardwick - Chief Executive Officer Michael Stewart - President Michele Kawiecki - Chief ...

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying ...

Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy decisions. The average rate on a 30-year mortgage briefly ...

The climbing mortgage rates come even after the Federal Reserve cut interest rates by a full percentage point in recent months — which had raised hopes among homebuyers that the costs of financing a ...