According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in […]
Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the […]
Mortgage rates are much higher today than they were at the beginning of the year, and that’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward […]
Mortgage rates were at record lows of 3% or even less in some cases last year. Yet, a series of sudden increases have sent mortgage rates to 5.3% as of this week. The resulting increases […]
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this […]
ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks. KEY TAKEAWAYS ARM loans have been rising in popularity, according to Redfin, as mortgage rates surge […]
Despite rising home prices, demand for housing units outstrips supply. KEY TAKEAWAYS By the end of the fourth quarter in 2021, the figure stood at $423,600 but it rose by 1.44% in the first quarter […]
Freddie Mac officials say the volatility is causing purchase demand to wane. Freddie Mac’s weekly Primary Mortgage Market Survey report released Thursday showed two decreases in mortgage rates and one increase, signaling that economic volatility is causing […]
Zillow sees signs that a rebalancing could be around the corner, but for now the market is moving at record speed. KEY TAKEAWAYS U.S. home values continue to grow at a record pace, up nearly […]
There has been a lot of volatility in the bond market recently. Because bonds drive interest rate changes, that’s meant plenty of volatility in the mortgage market as well. The month of May has been […]
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