Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas
Published . Updated .
The 30-year, fixed-rate mortgage dropped slightly to 7.32 percent as prospective home buyers continue to struggle with affordability. But home prices are starting to drop in some areas.
Directly affected
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Indirectly affected
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Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
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Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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The 30-year, fixed-rate mortgage dropped slightly to 7.32 percent as prospective home buyers continue to struggle with affordability. But home prices are starting to drop in some areas.
Source: The New York Times
This story
| Company | When | Move | Status |
|---|---|---|---|
| GLD | that day | -2.61% | final price |
| GLD | three days earlier | +0.18% | final price |
| GLD | five days earlier | +0.98% | final price |
| QQQ | that day | -2.85% | final price |
| QQQ | three days earlier | -0.96% | final price |
| QQQ | five days earlier | +0.41% | final price |
| SPY | that day | -1.18% | final price |
| SPY | three days earlier | -0.84% | final price |
| SPY | five days earlier | -0.18% | final price |
| TLT | that day | +1.86% | final price |
| TLT | three days earlier | -0.97% | final price |
| TLT | five days earlier | -0.31% | final price |
This story
12 out of 100
“Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas” scores 12 out of 100. The score uses 1 sources.