Average 30-year fixed-rate mortgages declined by 22 basis points from 4.28 percent to 4.06 percent, resulting in the biggest single-week decline in rates since 2008, according to Freddie Mac’s latest Primary Mortgage Survey released on Thursday. Continue reading
The Federal Reserve announced on Wednesday that it would hold the federal funds rate in a range between 2.25 percent and 2.5 percent due to a strong labor market and robust economic activity. Continue reading
The National Association of Realtors Pending Homes Sales Index declined 9.8 percent year-over-year in December, marking the 12th straight month of annual decreases. Continue reading
Blitzer says despite declining sales, the overall economy is strong — offering some solace to economists worried about a looming housing and economic crisis similar to that of 2008. Continue reading
Mortgage rates continued along their downward trend to end the year, according to the latest data from Freddie Mac, released Thursday. Continue reading
Most Americans would rather stay in their current home and make renovations than move, according to a new study from Zillow. Continue reading
The Dow Jones dropped more than 800 points on Wednesday, the third biggest point drop of the year and the biggest drop since February. As investors sell-off stock and the benchmark yield rises, what does it mean for the real estate industry? Well for o… Continue reading
Last week, the rate was at 4.65 percent. Last year at this time, it averaged only 3.83 percent. Continue reading
Weakening mortgage demand caused by rising mortgage rates has slowed loan originations to its lowest level since Q1 2014, according to Attom Data Solutions’ latest report. Continue reading