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February 29, 2024
Mariel Alumit
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Mortgage rates climbed for the fourth consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, up from last week […]
Pending Home Sales Tumble as More Buyers Get Priced Out
July 27, 2022
Allen Santos
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Comments Off on Pending Home Sales Tumble as More Buyers Get Priced Out
Pending home sales fell in June as surging mortgage rates and record-high home prices are making home buyers more cautious in moving forward. The median existing-home price hit an all-time high in June ($416,000). Homes […]
Economist: Mortgage Rates Hurt Buyers More Than Home Prices
August 25, 2022
Allen Santos
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Comments Off on Economist: Mortgage Rates Hurt Buyers More Than Home Prices
Mortgage rates were back on the rise this week, hitting an average of 5.55%, Freddie Mac reported Thursday. Rates are nearly double what they were a year ago, and the latest housing data from the […]