Mortgage Rates Dip to 6.89% as Home Prices Finally Take a Plunge

Realtor.com; Getty Images (1)Mortgage rates fell this week, with the average rate for a 30-year fixed home loan going from 6.95% last week to 6.89% for the week ending July 11, according to Freddie Mac.“Following June’s jobs report, which showed a cooling labor market, the 10-year Treasury yield dec

Inflation Drops Again in June, Clearing the Path to a Fed Rate Cut This Fall—and Relief for Homebuyers

DNY59 / Getty ImagesAnnual inflation in the U.S. dropped to its lowest level in more than three years last month, increasing the odds of a September interest rate cut that would bring relief to mortgage markets.In the 12 months through June, the consumer price index rose 3%, according to data releas

Real Estate Investors Are Snapping Up a Record Share of Homes—Especially in These 5 Affordable Cities

Photo-illustration by Realtor.com; Source: Getty Images (4)The average homebuyer might be feeling sidelined under the weight of high interest rates, but real estate investors are stepping in to snatch up a record share of homes.Investors made up 14.8% of home purchases in the first quarter of 2024—t

Too Much Malibu? Jonah Hill Lists His SoCal Beach House for $16.7M

Getty Images; Realtor.comJonah Hill is at it again, looking to make another cool deal on a Malibu beach house.In 2022, the actor scooped up the gorgeous home in the guard-gated enclave of Malibu Colony for $15,449,345. He tuned it up a bit and now has it on the market for $16.7 million.Also in 2022,