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Instant Reaction: Mortgage Rates, August 13, 2020

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

July 2, 2020 “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 to...

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Could January be the New April for Home Shopping?

People have begun their home search earlier each year since 2015 January 2019 fell just one percent behind February for highest number of views per listing In one out of five markets January saw the highest number of listing views in 2019 Al...

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Mortgage rates hit a 14-month low

Rates for home loans fell to the lowest in a year as inflation cooled and investors braced for a slowing global economy.  The 30-year fixed-rate mortgage averaged 4.37% in the February 14 week, mortgage guarantor Freddie Mac said Thu...

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More Buyers Turn to ARMs for Lower Borrowing Costs

Rising interest rates are prompting more home buyers to turn to adjustable-rate mortgages—which come with potential financial risks. Though these mortgages typically come with lower interest rates initially, they reset to market rates after f...

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Over Half of Housing Markets Hit Price Peaks

More than half of housing markets saw home sale prices peak at the end of 2016, according to the National Association of REALTORS®’ (NAR) recently released quarterly report, contributing to the best quarterly sales pace of the year. Eighty-n...

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