Tag Archives: Markets & Economy

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

By | | Uncategorized
Comments Off on Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

‘OK Boomer’: Older homebuyers make gains as millennials struggle

By | | Uncategorized
Comments Off on ‘OK Boomer’: Older homebuyers make gains as millennials struggle

Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading →

Mortgage rates continue their ascent onward into mid-October

By | | Uncategorized
Comments Off on Mortgage rates continue their ascent onward into mid-October

Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey. Continue reading →

Foreclosures remain low as banks start to churn out post-ban filings

By | | Uncategorized
Comments Off on Foreclosures remain low as banks start to churn out post-ban filings

The number of foreclosed properties rose 34 percent in the third quarter of the year, but remained below their typical historical levels. Continue reading →

Mortgage rates for home loans hit highest levels since June

By | | Uncategorized
Comments Off on Mortgage rates for home loans hit highest levels since June

Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading →

Housing affordability improves for second consecutive month

By | | Uncategorized
Comments Off on Housing affordability improves for second consecutive month

Despite market headwinds, housing affordability improved for the second consecutive month, according to the National Association of Realtors’ August Housing Affordability Index. Affordability improved on a national and regional basis, with the greatest… Continue reading →

As Tesla sets its sights on Austin, listing agents near plant shift gears

By | | Uncategorized
Comments Off on As Tesla sets its sights on Austin, listing agents near plant shift gears

With news of Tesla bringing its headquarters to Austin and a factory nearing its opening, agents are advising sellers nearby to think big. Continue reading →

Mortgage delinquency rates approach pre-pandemic levels

By | | Uncategorized
Comments Off on Mortgage delinquency rates approach pre-pandemic levels

Total delinquency rates dropped 4.2 percent in July, 2.3 percentage points lower than the 6.5 percent observed in July 2020, according to new data released Tuesday by CoreLogic. Continue reading →

Compass stock, market cap tumbles to new low

By | | Uncategorized
Comments Off on Compass stock, market cap tumbles to new low

The company’s shares ended Monday trading at $10.74, down significantly compared to when they debuted about six months ago. The drop reduced Compass’ valuation to $4.2 billion. Continue reading →

Despite risk, California fire zones still see rising home prices

By | | Uncategorized
Comments Off on Despite risk, California fire zones still see rising home prices

A new study by Redfin found that in the areas impacted by California’s five largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets. Continue reading →