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...
Market Updates
Pending Sales Plummet in the Southeast, VegasJanuary saw the cancellation of around 14% of homes under contract, especially in Florida and metro areas Atlanta, Las Vegas and Houston.This added up to just over 41,000 U.S. cancelled home-purchase agreements. Stats show...
Market Updates
MLS Prices Outpace Pocket ListingsHome sellers who didn't use a multiple listing service (MLS) collectively "left $1 billion on the table" over the past two years via lower closing prices, according to a Zillow study of 10 million transactions.These homes typically...
Market Updates
Inventory Grows Closer to the Six-Month IdealIf you've been frustrated by lack of housing inventory, this year's trend is good news...new listings are up by 7.4% from February 2024. This is equal to around five months of inventory, up from 4.4 months a year...
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