As the Halloween holiday creeps nearer, a new Point2Homes study revealed what homebuyers are most frightened by in today's housing markets, such as volatile home prices and intensifying housing competition.
Read More »Demand Down Overall, Starter Homes at a Premium
“There’s a fair amount of demand for lower-priced single-family homes, which in this area means around $400,000 and under,” said Redfin Premier Agent Brynn Rea.
Read More »Existing-Home Sales Dip in June, Hit Slowest Pace Since January
A new report from NAR shows existing-home sales dipped 3.3% from May, while the median existing-home price for all housing types reached its second-highest mark of all time in June.
Read More »Surging Rates Fuel Increase in Adjustable-Rate Mortgage Activity
Among mortgage originations exceeding $1 million in April 2023, adjustable-rate mortgages comprised nearly 50% of the dollar volume, representing a six percentage-point increase from a year earlier.
Read More »Aggressive Monetary Policy Drives Mortgage Rates Upward
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
Read More »Major Metros Experience Price Hikes
NAR's Chief Economist Lawrence Yun says consumers in expensive markets may see an additional $500 to $1,000 in monthly payments due to rising rates.
Read More »Are 30-Year Mortgages Bad for Financial Wellness?
Once seen as an accessible path to homeownership, new analysis is questioning whether the amount of credit accumulated on the loan is worth the investment.
Read More »An Update on Mortgage Rates
Click through to learn why mortgage rates dropped again, according to the latest Freddie Mac survey and how the larger economy is impacting housing.
Read More »Mortgage Rates Climb Higher
Fixed rate mortgages rose for the third-consecutive week, according to Wednesday’s Freddie Mac’s Primary Mortgage Market Survey (PMMS). “After dropping dramatically in late March, mortgage rates have modestly ...
Read More »Why Did Mortgage Rates Decline?
After rising consistently for most of the month, mortgage rates eased this week. Experts weigh in on the factors that impacted rates this week.
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