Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »Mortgage Rates Inch Closer to 4% Mark
Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.
Read More »Affordability Issues Linger Despite Stabilization of Mortgage Rates
Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.
Read More »2022 Kicks Off With Rise in Mortgage Rates
Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices.
Read More »Inflation, Consumer Spending Driving Mortgage Rates Upward
After dipping below the 3% mark last week, fixed-rate mortgages climbed on the strength of a rise in consumer spending and improvements in unemployment.
Read More »Housing Market to Ride Wave Into 2022?
Home sales may be at their highest levels in 15 years, but a number of factors may force the market to cool next year.
Read More »The Mortgage Rate Rollercoaster
For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.
Read More »Mortgage Rates Dip Slightly Below the 3% Mark
While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.
Read More »Mixed Jobs Reports Stabilizes Mortgage Rates
Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence.
Read More »Freddie Mac Examines Housing Market ‘Slowdown’
With the U.S. economy on the rise, mortgage rates slipped further below the 3% mark, but high prices and short supply continue to force down application volume.
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