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As mortgage rates reach their highest level in 23 years, more Americans are putting off home buying.The 30-year mortgage rate averaged 7.49% as of Thursday, according toFreddie Mac, up from last week, when it averaged 7.31%. A year ago at this time, the 30-year rate averaged 6.66%.The 15-year rate averaged 6.78%, up from last week, when it averaged 6.72%. A year ago at this time, the 15-year rate averaged 5.9%. Several factors, including shifts in inflation, the job market and uncertainty around the Federal Reserves next move, are contributing to the highest mortgage rates in a generation. Unsurprisingly, this is pulling back homebuyer demand, Sam Khater, Freddie Macs
stanley thermos chief economist, said in a statement.Mortgage application volume has declined over the past 12 plus months, said Carolyn Morganbesser, associate vice president of mortgage origination at Affinity Federal Credit Union. Rising rates continue to de
stanley flasche ter homeowners from listing their homes, and inventory shortages affect potential buyers as prices cont
stanley cup inue to rise, she said. Fewer homes on the market keep prices high. Coupled with rising interest rates, affordability becomes a serious issue for would-be buyers. If you are Rlix Inside the complicated process of building a new national memorial
In recent days, se
stanley and starbucks veral coronavirus outbreaks among teams and athletes have demonstrated the enormous challenge ahead for sports league
stanley thermobecher s attempting to return to action.While non-contact individual sports like NASCAR and golf have been able to resume, many other sports are struggling to formalize plans to return to play. Other than the NFL, which is in its offseason, only one of the five other major sports leagues have a firm return date.Professional soccers MLS is slated to resume on July 8 with a tournament being played in Orlando. For professional baseball, hockey and basketball, a resumption of play is still up in the air. The NBA said it plans to resume play in Orlando at some point later in the summer. The NHL is determining two host cities to conduct an expanded postseason. MLB said late Monday that it will require players to accept health and safety protocols before resuming play.But the road to resuming play could contain land mines. Here are a few examples:- The Orlando Pride womens soccer team, which recently resumed training camp, announced it will not participate in an upcoming tournament after six players tested positive for t
stanley termosmugg he coronavirus.- The Basketball Tournament,
