Investors pushed bond yields and mortgage rates down Friday after Fed chair says policymakers are starting to see unemployment as a bigger risk to the U.S. economy than inflation. Continue reading
Homeowners scrambled to refinance last week as mortgage rates dropped to the lowest level in four months, with homebuyer demand also up by double digits from a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Mortg… Continue reading
Economists at Fannie Mae and the Mortgage Bankers Association differ on how much room mortgage rates have to come down and how fast home price appreciation will cool. Continue reading
According to a new report released Thursday by the National Association of Realtors (NAR), 83 percent of U.S. metro areas saw year-over-year price increases for single-family existing homes, down from 89 percent in the final quarter of 2024. Continue reading
According to a new Redfin report, concerns over affordability, economic uncertainty and tariff fears under a second Trump administration are giving buyers serious pause. As of March, the typical U.S. home took 47 days to sell, the longest stretch in si… Continue reading
According to a new Redfin report, concerns over affordability, economic uncertainty and tariff fears under a second Trump administration are giving buyers serious pause. As of March, the typical U.S. home took 47 days to sell, the longest stretch in si… Continue reading
As buyers cautiously reentered the market, existing-home sales rose 4.2 percent from January to 4.26 million, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2 percent. Continue reading
Mortgage rates have inched downward, with the 30-year fixed rate falling down “by a fraction of a point to 6.96 percent,” Corcoran said, representing the lowest rate in six weeks. The 15-fixed loan rate was 6.21 percent as of Thursday. However, Corcora… Continue reading
Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year. Continue reading
After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year’s levels. Continue reading