Market News
Mortgage Rates Take a Breather After Nearly Doubling in One Year’s Time
By Aarthi Swaminathan The 30-year fixed-rate mortgage averaged 5.7% for the week ending June 30, according to data released by Freddie Mac on Thursday. That’s down 11 basis points from the previous week—one basis point is equal to...
U.S. Pending Home Sales Rebound in May, Reversing a Six-Month Decline
By Aarthi Swaminathan and Greg Robb The numbers: U.S. pending-home sales rose in May by 0.7%, according to the monthly index released Monday by the National Association of Realtors. Analysts polled by the Wall Street Journal had forecast...
Market Statistics: May 2022
View Press Release Here Source: https://www.nvar.com/realtors/news/market-statistics/market-statistics-may-2022
Prepare Yourself: ‘The U.S. Housing Market Is at the Beginning Stages of the Most Significant Contraction in Activity Since 2006’
By Aarthi Swaminathan I don’t think that home sales are going to grind to a complete halt. They’ll just slow. People will still be able to sell homes, but it may take you just a little bit longer than what it’s been. - Len Kiefer,...
Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA
By Joy Wiltermuth The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situation has gotten...
Today’s Mortgage Rates Move Lower | February 1, 2022
By Leslie Cook Borrowers shopping for a 30-year fixed-rate mortgage can expect rates averaging 4.041%, a decrease of 0.026 percentage points from yesterday. Rates are lower for most other loan categories as well. The average rate for a 30-...
How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?
By Elena Cox Homebuyers these days are one stressed-out group, and they have plenty of questions. They want to know how high mortgage rates will rise. How to win insane bidding wars. Whether to join the suburban rush or the bi...
Here’s How Inflation Is Affecting Home Prices: What Buyers and Sellers Need To Know Right Now
By Janet Siroto Inflation is a red-hot topic right now, and for good reason: In October, the annual inflation rate rose to an alarming 6.2%. That’s the highest it’s hit since November 1990, over 30 years ago, and a steep up...