Fresh labor data pointed to a stronger job market, while higher borrowing costs and sticky inflation kept pressure on consumers.
IRS rules give families room to help with a home purchase if the timing and the donor’s marital status are handled correctly.
Higher borrowing costs are adding monthly payment pressure, but local agents say demand has not disappeared and many buyers are still trying to move ahead.
Borrowing costs moved higher again, with the 30-year fixed average still below 7% but well above the lows seen earlier this year.
The average VA mortgage rate ticked slightly higher, while CNBC Select highlighted lenders that stand out for service, pricing and online tools.
Experts say higher Treasury yields, inflation worries and heavy government debt are keeping pressure on home loan rates and could keep buyers sidelined.
Freddie Mac says 30-year mortgage rates climbed to their highest level of the year, pushing up monthly costs for buyers of a median-priced home.
The benchmark home loan rate is back near 7%, squeezing refinances and adding pressure to buyers already facing weaker home sales.
The free open house will connect first-time buyers, builders and nonprofit housing partners with information on affordable homeownership options.
Mortgage borrowing costs rose again this week, keeping pressure on buyers and refinancing households as bond yields and inflation worries move higher.