Home Prices Falling in Major MetrosIt's potentially good news for buyers, bad news for sellers. While property prices are still increasing, the gains are slowing. Recent data found that national home prices only rose 2.1% year-over-year, which is the slowest growth...
Why Mortgage Interest Rates Are SpikingLast Friday (April 11th), the average rate on the popular 30-year fixed mortgage surged 13 basis points to 7.1%, according to Mortgage News Daily. That's the highest rate since mid-February.Mortgage rates have been on a roller...
Why Mortgage Interest Rates Are SpikingLast Friday (April 11th), the average rate on the popular 30-year fixed mortgage surged 13 basis points to 7.1%, according to Mortgage News Daily. That's the highest rate since mid-February.Mortgage rates have been on a roller...
Market Activity, Housing Payments IncreaseThe typical U.S. homebuyer's monthly housing payment hit an all-time high of $2,807 during the four weeks ending March 23, up 5.3% from a year earlier. However, this isn't deterring market activity. Mortgage-purchase...
Spring Home Sales Green UpAs the spring season gets into gear, more buyers are viewing properties. Last month's sales of previously owned homes rose 4.2% from the month before, racking up 4.26 million units on an annualized basis. This was a welcome result, especially...
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