Market Updates
Mortgage Demand Rises in Early MayLast week, new purchase loan applications rose 11% and were 13% higher than the same week in 2024. This puzzled some economists, as 30-year conforming mortgage interest rates only saw a slight decrease during this time.The increase in...
Market Updates
South Region Numbers Top Pending SalesRecent statistics from the National Assocation of REALTORS® (NAR) reported a 6.1% increase in pending home sales during March 2025. This was the biggest month-to-month increase since December 2023.While two regions experienced...
Market Updates
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...
Market Updates
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 Updates
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 Updates
Market Volatility Affecting Lending RatesAfter gradually improving, mortgage interest rates reacted to unpredictable stock market movements by increasing by 25 basis points earlier this week.Last week's rate drop encouraged would-be buyers to view homes, building...
Market Updates
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...
Market Updates
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...
Market Updates
Mortgage Interest Rates DecreasingThe average interest rate for a 30-year fixed-rate mortgage is finally beginning to edge lower, just in time for the spring home buying season. Applications for home financing rose 7% for the week of March 9th-15th, and were 4% higher...
Market Updates
Girls Just Wanna Have EquityThe National Association of Realtors (NAR) recently released their annual Profile of Home Buyers and Sellers for 2024. While most homebuyers were married couples, the next largest percentage (20%) were single women. Single males trailed at...
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