Mortgage rates rose once again this week, creeping closer to the 4.75% mark, rapidly closing the door on affordability for many.
Read More »Refi Volume Falls to Three-Year Low
With mortgage rates jumping for four consecutive weeks, overall mortgage application volume continues to suffer, dropping 6.3% over the previous week.
Read More »Timing the Greatest Return on Home Sales
Listing on a Thursday in late April can earn 2.8% more, or approximately $9,300 on the average U.S. home, according to a new Zillow report.
Read More »Consumers Face the Supply Chain Fallout
As supply chain and bottleneck issues continue to impact the housing industry, Steve Adamo of Embrace Home Loans spoke with MReport about remedies to alleviate these concerns.
Read More »Inventory Remains Near Record Lows, But Is Relief in Sight?
Another day, another housing record broken. Realtor.com has released new information showing that home prices have hit another record high—$405,000—for the first time in March 2022. But as ...
Read More »Mortgage Rates Jump Nearly 1.5% YoY
Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.
Read More »Despite Mortgage Rate Hikes, Home Prices Continue Climbing
All 20 cities gauged by the S&P CoreLogic Case-Shiller Index saw price increases in January 2022, with prices in 16 cities accelerating relative to December’s report.
Read More »Pending Home Sales Decline in February
Limited inventory and high demand continue to push the number of pending home sales downward, with contract signings down across all regions month-over-month, except for the Northeast.
Read More »Fed Rate Hike Pushes Mortgage Rates Toward 4.5% Mark
After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.
Read More »Middle America Dominates Most Affordable Rental Markets
According to the Realtor.com Monthly Rental Report, new rental data shows affordability issues are on the rise, as Americans spent an average 30% of their monthly budgets on ...
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