The average 30-year fixed mortgage rate fell for a second week, offering minor relief while remaining well above last year's level.
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September housing starts fell as developers faced high financing expenses, weaker affordability and continuing constraints on construction activity.
U.S. home prices rose 2.6% annually in July as elevated mortgage rates continued to shape affordability and buyer demand nationwide.
The U.S. housing market is showing a notable shift in the balance between buyers and sellers, with new listings reaching their highest level in four years while buyer demand remains comparatively subdued.
