RALPH’S PRESS

Dear For Love & Money, My partner is our family breadwinner. We live in the Bay Area where housing prices are astronomically high. We have two young kids, are upper-middle class, and are doing just fine. READ MORE

When home values shot up during the pandemic, record low rates helped carve out some affordability for homebuyers. But as rates rise past 5% and home prices remain high, many buyers will have to reconsider just how much house they can afford. READ MORE

Mortgage rates are now well above their record pandemic lows. Last week, the average 30-year fixed mortgage rate hit 5.11%, the first time it's been that high since 2010, according to Freddie Mac. READ MORE

Last week, the average 30-year fixed rate inched closer to 5% than it has been in over three years, hitting 4.72%, according to Freddie Mac. Though most major forecasts didn't expect rates to jump up so quickly, economic pressures and geopolitical uncertainty have...

The average 30-year fixed mortgage rate hit 5% this week, the first time it's been this high in over a decade, according to Freddie Mac. Rates are expected to remain elevated as the Federal Reserve works to tame inflation, which reached a 40-year high in March. In...

Will rising mortgage rates finally cool the white-hot housing market? Possibly — but that doesn't mean affordability is going to get any better. In its April forecast, Fannie Mae predicted that homebuying demand will slow over the next couple of years as would-be...

Mortgage rates reached an average of 5.11% this week, according to Freddie Mac — a 12-year high. While high rates may make for a slightly less fierce buying season this year, the market remains difficult to navigate, particularly for first-time homebuyers and other...

Federal Reserve Chair Jerome Powell confirmed last Thursday that the central bank will consider a larger than usual rate hike at its May meeting, which means mortgage rates are likely to remain elevated. "I believe the rates being above 5% will become a norm, and I...

This time last year, the average 30-year fixed mortgage rate was just below 3%. Rates have been rising rapidly since late last year and hit 5% last week — the first time they've been that high in over a decade, according to Freddie Mac. READ MORE

The average 30-year fixed mortgage rate has increased every week for nearly two months, and has now hit 5.11%, according to Freddie Mac. The last time rates were at this level was in April 2010. READ MORE