According to a new report from Redfin, mortgage rates are climbing at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more ...
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 »Hike in Mortgage Rates Pushes Overall Apps Further Downward
With mortgage rates hitting a three-year high, the MBA recorded continued declines in both purchase apps and refis last week.
Read More »Condo Prices Soar in 2022 as Demand Returns
At the beginning of the COVID-19 pandemic, demand for condominiums plummeted 48% to lows not seen since 2012 as people fled high-density areas in an attempt to escape ...
Read More »Median Home Prices Hit New Record-High
According to a new report from Redfin, some 60% of homes that went under contract during the four-week period ending March 6 found a buyer within two weeks—an ...
Read More »More Buyers Securing Homes With Cash Offers
As demand continues to rise, January marked the most competitive month on record, with more than 30% of homes selling above list price last year.
Read More »After Week of Declines, Mortgage Rates Back on the Rise
Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.
Read More »Drop in Rates Drives Mortgage App Volume Upward
As the military conflict in Ukraine pushed U.S. Treasury yields lower, the MBA reports that purchase and refi application volume climbed week-over-week.
Read More »California Homes Selling Six Figures Above Asking Price
According to a new report from Redfin, some 5,897 homes nationwide sold for at least $100,000 over asking price at the beginning of 2022, up from 2,241 compared ...
Read More »Homeownership Tenure Increases Nearly 34%
According to a new report from Redfin, the typical American homeowner in 2021 had spent 13.2 years in their home—down slightly from the peak of 13.5 years in 2020, but ...
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