Previous close | 0.3500 |
Open | N/A |
Bid | 0.0800 |
Ask | 0.4000 |
Strike | 60.00 |
Expiry date | 2024-08-02 |
Day's range | 0.3500 - 0.3500 |
Contract range | N/A |
Volume | |
Open interest | 1 |
Recent declines in mortgage rates have relieved some of the pricing pressure. For the first time since 2020, the typical home in late spring sold for less than its list price, Redfin said on Thursday. There’s a chill in the housing market as mortgage rates remain elevated and home prices hit new highs.
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To comfortably afford a typical U.S. home, a home buyer making the median income needs to put down nearly $127,750, or 35.4%, a new Zillow® analysis shows. Five years ago, when mortgage rates were hovering just above 4% and the typical home was worth about 50% less, that home would have been affordable with no money down.