May 30, 2025 - 00:57
US mortgage rates have seen a slight uptick for another week, remaining just below the critical 7% threshold. The latest data reveals that the average 30-year fixed-rate mortgage now stands at 6.89%, while the 15-year fixed-rate mortgage is at 6.03%. This modest rise in mortgage rates comes at a time when the housing market is witnessing an unprecedented surge in home sellers.
According to recent reports, the number of home sellers in the US has reached record highs, indicating a significant shift in the market dynamics. The increase in sellers could be attributed to various factors, including rising home prices and changing economic conditions. As more homeowners choose to list their properties, potential buyers may find themselves facing increased competition and limited inventory.
This evolving landscape in the housing market raises questions about the future direction of mortgage rates and overall market stability. As buyers navigate these challenges, the interplay between rising rates and a surge in home listings will be closely monitored in the coming weeks.
October 21, 2025 - 11:30
Equipment Lease Financing Sees Growth at Major BanksFirst National Bank, Huntington Bank, and PNC Bank have reported a notable increase in their equipment lease financing portfolios during the third quarter. This growth highlights a rising trend...
October 20, 2025 - 21:29
Stability in Agricultural Finances Amid Land Value TrendsAn economist at the Federal Reserve Bank of Kansas City has indicated that financial conditions within the agricultural sector remain stable, despite looming uncertainties as we approach 2026....
October 20, 2025 - 03:18
Caterpillar: A Major Player in AI Development – Is Now the Right Time to Invest?Caterpillar Inc. has emerged as a significant stock to watch in the growing field of artificial intelligence. Recently, James Van Geelen, the founder and portfolio manager at Citrini Research,...
October 19, 2025 - 07:31
Caller Weighs the Pros and Cons of Buying a Car with Cash versus FinancingKevin from Minneapolis recently posed a thought-provoking question during a segment of “The Ramsey Show.” He found himself at a crossroads, contemplating whether to purchase a $40,000 car...