Behind the Housing Numbers: Mortgage Rates Are What Count

On Tuesday, the average 30-year fixed mortgage rate jumped back up to 7.34%. That coupled with home prices that rose dramatically during the pandemic, and in some markets, are still rising, has deteriorated affordability. It’s pricing buyers out […]

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. Industry players are largely pessimistic about the economic climate and expect interest rates […]

Freddie Mac (OTCQB: FMCC) announced potential homebuyers earning 50% of area median income or less will be eligible for a $2,500 credit that may help with down payment and other costs at closing under a […]