Published by FOX Business | December 15, 2022 The 30-year fixed-rate mortgage (FRM) averaged 6.31% The average long-term U.S. mortgage rate declined for the fifth straight week, even as the Federal Reserve just raised its key borrowing rate for the seventh time this year and signaled there were more to come in 2023. The 30-year fixed-rate …
Published by Forbes.com | November 30, 2022 Data suggest mortgage rates may not be as volatile in the last month of the year. The latest data from the Mortgage Bankers Association released this morning shows mortgage applications still continue to decrease from the highs they saw a year ago, but several economic signs suggest interest …
MBA Predicts Mortgage Rates To Stay Near 6.7% Through End Of Year Read More »
Published by Forbes.com | November 24, 2022 Given that rising interest rates are what has prompted the slow down, it stands to reason that continuing on this path will put more pressure on real estate. Over the past few weeks mortgage demand has crept up slightly as mortgage rates have come down. Even so, the …
Mortgage Demand Down Up To 88% From This Time Last Year Read More »
Published by REALTOR.com | November 11, 2022 All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march. While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week, that figure climbed back to 7.08% for the week ending Nov. 10, according to Freddie Mac. And if inflation refuses …
Published by REALTOR.com | November 10, 2022 For would-be buyers who have had their home searches foiled or delayed by soaring mortgage interest rates, the housing market is likely to get worse before it gets better. Mortgage rates are expected to keep rising after new indicators showed that inflation rose 7.7% year over year in October, …
Inflation Is Finally Slowing. Will Soaring Mortgage Rates Do the Same? Read More »
Published by Forbes.com | October 28, 2022 If you’re in the market to purchase a home, you know that mortgage rates are rising. Rates surpassed 7% for the first time in 20 years. And higher mortgage rates send monthly payments up significantly. A $240,000 mortgage at a 7.544% rate on a 30-year loan generates a monthly principal …
5 Practical Tips To Get The Lowest Mortgage Rate Possible Read More »
Published by Forbes.com | November 2, 2022 The Fed’s push for a recession so far hasn’t torpedoed commercial real estate although there are signs of weakness and some worries about an “apocalypse.” The Federal Reserve’s announcement of another 0.75 percentage point interest rate increase continues the central bank’s grim war with inflation. Higher rates are doing …
Fed’s Rate Hikes Aren’t Bulldozing Commercial Real Estate — Yet Read More »
Published by FOX Business | October 27, 2022 The average rate for a 30-year fixed mortgage topped 7% for the first time in two decades at the end of October. Freddie Mac reported that the average long-term U.S. mortgage rate climbed to 7.08% from 6.94% at the end of October. A year ago, the 30-year rate …
Published by FOX Business | October 26, 2022 Sales of new U.S. homes fell less than expected in September Sales of new U.S. homes tumbled in September as high home prices and mortgage rates not seen in over a decade edged prospective homebuyers out of the market. New single-family home purchases fell 10.9% to a seasonally adjusted …
New Home Sales Tumble in September as Mortgage Rates March Higher Read More »
Published by FOX Business | October 20, 2022 Redfin projects mortgage rates may not fall until early to mid-2023 Red-hot mortgage rates are giving home buyers and sellers cold feet. About 17% of homes that went under contract with real estate brokerage Redfin last month were called off. The technology-powered real estate firm reported that approximately …
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