30-year Fixed Jumps to 7.45%

The rates themselves. As of Thursday, September 24, the 30-year fixed jumped 19 basis points in a single day to 7.45% on Mortgage News Daily’s daily index — the highest level since April 2024 — and it’s ticked up again since, sitting just under 7.5% as of...

August Pending Home Sales Move Higher

Pending home sales edged up in August 2026, but the modest monthly gain did not erase the broader slowdown. Contract signings rose 0.3% from July and fell 4.7% from a year earlier, according to the National Association of REALTORS® (NAR). August market snapshot The...

Historic Nor’easter Slams New Jersey Coast

This is not the first nor’easter to stall on the east coast, but it is the first one to do so in September. There have been a total of four nor’easters that have had lasted three or more days.   When a nor’easter stops moving, it is typically...