Econ & Housing

Alex Veiga  |  Associated Press Los Angeles — Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly 23 years, another blow to prospective homebuyers facing an increasingly unaffordable housing market. The average rate on the benchmark 30-year home loan rose to 7.31%, from
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Article 2 Comments A U.S. government shutdown, perhaps as soon as Saturday night, will force the National Flood Insurance Program to suspend issuing of new policies, potentially causing a major disruption for home buyers. The National Home Builders Association said that an estimated 1,300 property sales across the country could be affected every day that
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The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) have released its new residential sales statistics for August 2023, finding that sales of new single‐family houses in August were at a seasonally adjusted annual rate of 675,000—8.7% below the revised July rate of 739,000, but 5.8% above the August 2022
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