Tag Archives: Spring homebuying season

30-year mortgage rate inches down to 4-week low

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Mortgage rates have dropped to an average of 6.30 percent, renewing hope in a more active spring homebuying season. Continue reading →

Despite market shift toward buyers, they’re still backing away

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Spring typically brings new energy to this housing market, but this year, the momentum is stalling. A flood of sellers has hit the market, but buyers are remaining on the sidelines, new data from Redfin shows. Continue reading →

Dip in mortgage rates doesn’t do much to excite homebuyers

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While purchase loan demand was still up 18 percent last week from a year ago, some of that demand may not translate into sales, with Redfin reporting an unusual bump in cancelled purchase contracts. Continue reading →

A ‘herky jerky’ start to the spring buyer season isn’t deterring agents

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Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better. Continue reading →

Homebuyer dollar stretching further as rates drop: Zillow

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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 →

Would-be homebuyers rushed to lock in mortgage rates in March

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Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31 percent from February. Continue reading →

84% of Americans say homeownership is a ‘priority’

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Despite rising prices and personal finance issues, the majority of Americans are optimistic about homeownership, according to NerdWallet’s 2020 Home Buyer Report Continue reading →

Prime homebuying season is getting earlier each year: Realtor.com

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A new realtor.com market report revealed that buyers in 20 of the 100 largest markets are beginning their home search in January. Continue reading →