Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates

Last week, mortgage rates hit a 21st-century high, the 10-year yield closed slightly higher than my peak forecast for 2023, and housing inventory growth was still slow. Purchase application data didn’t budge much on the […]

The post ‘Home sales are bottoming out’: Are homebuyers now calling the shots in 2023 housing market? appeared first on Weekly Real Estate News.

Mortgage delinquencies were down across the board in January, with the overall national delinquency rate declining to 3.38%, a drop of 10 basis points from December, according to Black Knight’s month-end mortgage performance statistics. National […]