In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market for homes, the Realtor.com Economics team has conducted a randomized ...
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 »Home Prices Lose Steam in June
S&P CoreLogic Case-Shiller reported a deceleration in home prices nationwide, with markets in the western portion of the country reporting the most notable waning of home price growth.
Read More »Overcoming Housing Affordability Hurdles
Cake Mortgage CEO David Abelyan shares his perspective on what needs to be done in the market to help alleviate the affordability issue, and what products are ideal to assist first-time buyers.
Read More »Erratic Mortgage Rates Jump Back Upward
After falling back toward the 5%-mark, Freddie Mac reports that mortgage rates rose more than 40-basis points this week, as continued slowdown in economic growth weighs on the housing market.
Read More »Pending Home Sales Fall 19% YoY
For buyers, the early 2022 rush to lock in low mortgage rates before they rose even higher has since been replaced by the reality that sub-3% rates are a thing of the past,” said George Ratiu, Senior Economist & Manager of Economic Research for Realtor.com.
Read More »Inconsistent Mortgage Rates Dip Once Again
Following the up-and-down pattern of the 10-year Treasury, mortgage rates fell to 5.13% this week according to Freddie Mac, a week after shooting up to well above the 5% mark.
Read More »Housing Starts Slip Amid Economic Headwinds
Housing starts fell further than anticipated in July, as multi-family becomes a bright spot with builders adapting to a growing rental market.
Read More »After Hitting 120-Day Low, Mortgage Rates Rise Once Again
A week after bottoming out to a four-month-low, mortgage rates jumped back upward this week, climbing to 5.22% despite continued correction in the housing space.
Read More »Drop in Rates Brings Slight Rise in App Volume
Despite a four-month low reported in mortgage rates, overall application volume rose just 0.2% week-over-week, with a decline in purchase activity offset by an increase in refis.
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