Tag Archives: Mortgage Rates

Along with a lack of inventory in the nation’s housing supply, Freddie Mac reports the 30-year fixed-rate mortgage continues to edge toward the 7% mark, further dampening the spring homebuying season.

A majority of homebuyers polled in a recent survey reported post-purchase regrets, according to a new report from Clever Real Estate. Click through for a look at the sentiments and specifics from this survey.

Out-of-town moves among homebuyers have declined from a year ago because fewer people are moving, according to a new report from Redfin, as rising interest rates and high home prices continue to deter Americans nationwide.

Monthly housing payments have reached a record-high of $2,614, as mortgage rates climbed to 7.12%, pricing out many homebuyers with tight budgets, according to Redfin.

Rising mortgage rates are costing new 30-year, fixed-rate mortgages hundreds to tens of thousands of dollars in costs over the lifetime of a loan. Click through to find out what that means for new buyers.

According to a new report from Redfin, while the typical U.S. home costs an estimated 25% more per month to own than rent, homebuying is only more affordable than renting in Detroit, Philadelphia, Cleveland, and Houston.

The MBA reports that overall app volume dropped nearly 6% week-over-week, with the 30-year fixed-rate mortgage jumping nine basis points to its highest level in nearly two months.

Although a national debt default is unlikely, new scenario projections from Zillow reveal home sales would decrease sharply. While home values would not lose much ground, a surge in mortgage rates would do further damage to nationwide housing affordability.

According to HouseCanary's latest National Rental Report, demand for rentals is outpacing the increase in inventory, resulting in an increase in median listing prices and days on the market.

According to Fannie Mae's Economic and Strategic Research Group expectations for Q1, the increase in the sales pace from the end of 2022 to the beginning of 2023 revealed that homebuying demand remains buoyant and was unexpectedly responsive to small declines in mortgage rates.