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Mortgage rates will likely trend higher

“The job market strengthened in February with 379,000 net new job additions. More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day. Another 9.5 million jobs...

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Instant Reaction: Mortgage Rates

Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. Over 95% of metro markets are experiencing price growth as buying power has gone up due to rates st...

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Extraordinary times and Extraordinary movement

“The country is undergoing extraordinary times and extraordinary movement is happening in the jobs data. The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin, and comes on top of 2.7 milli...

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Pending Home Sales

NAR released a summary of pending home sales data showing that June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. This would be the second consecutive month of gains as well as the first year over year in...

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