Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice. Continue reading
ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal. Continue reading
Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010. Continue reading
The additional boost to 2024 home sales might come at the expense of slightly slower growth next year due to elevated mortgage rates, forecasters said. Continue reading
NAR President Tracy Kasper appeared on CNBC’s “The Exchange” on Thursday to talk about mortgage rates, affordability and the potential harm of changing the current commission structure. Continue reading
As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading
While mortgage rates have eased and home prices have fallen in many markets, affordability “still has a stranglehold on much of the market,” according to research released Monday by Black Knight. Continue reading
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow’s latest market report. The dip was enough for buyers to navigate the winter market, but wasn’t enough for would-be sellers to list. Continue reading
Forgiving student loan debt would have lots of economic impacts, but one of the most common arguments in the debate over this policy is that it would influence the housing market. Continue reading
Spiraling home values, soaring inflation and increased interest rates mean less buying power for all consumers. In other words, the house they can afford today may be out of reach tomorrow. Here’s what your clients need to know. Continue reading