Housing Wire

FEBRUARY 15, 2024

Mortgage rates climbed 13 basis points this week on the back of Tuesday’s strong inflation reading. The 30-year fixed-rate mortgage averaged 6.77% as of Feb. 15, an increase from last week ’s figure of 6.64%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 466

Mortgages Fixed-rate mortgage MLS Loans 466

Housing Wire

FEBRUARY 1, 2024

Mortgage rates continued their downward plunge this week as inflation keeps decelerating. The 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, a decrease from last week’s figure of 6.69%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 486

Mortgages Fixed-rate mortgage MLS Staging 486

Housing Wire

OCTOBER 12, 2023

Mortgage rates kept climbing for the fifth consecutive week, bringing average year-over-year rates 60 basis points higher. Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct.

Fixed-rate mortgage 444

Fixed-rate mortgage Mortgages Loans MLS 444

Housing Wire

SEPTEMBER 7, 2023

A slight cooling in mortgage rates wasn’t enough to keep mortgage applications from sinking to a 28-year low. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.12% as of Sept.

Mortgages 475

Mortgages Fixed-rate mortgage Marketing MLS 475

Housing Wire

JANUARY 25, 2024

Mortgage rates stabilized in the past week but remain close to the narrow range observed since the start of this month. The 30-year fixed-rate mortgage averaged 6.69% as of Jan. 25, an increase from last week’s figure of 6.60%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.

Mortgages 448

Mortgages Fixed-rate mortgage MLS Banks 448

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgages 468

Mortgages Fixed-rate mortgage Equity Loan Officer 468

Housing Wire

SEPTEMBER 14, 2023

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time. 14, up from last week ’s 7.12%.

Mortgages 459

Mortgages Fixed-rate mortgage Investor Loans 459

Housing Wire

NOVEMBER 23, 2022

Recent declines in mortgage rates, which are due to a slowdown in inflation growth, have been enough to convince some borrowers to apply for new home loans, according to recent data on mortgage applications. . Rates averaged 3.10% at this time one year ago. ” Other indexes show rates are slowly declining as well.

Mortgages 488

Mortgages Fixed-rate mortgage MLS Loans 488

Housing Wire

AUGUST 31, 2023

Mortgage rates ticked down modestly after job openings data for July came out yesterday, but rates remain elevated. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.18% as of Aug.

Mortgages 447

Mortgages Fixed-rate mortgage Loans MLS 447

Housing Wire

FEBRUARY 15, 2023

Expectations that high inflation may persist for longer than previously projected put pressure on mortgage rates last week. The latest Mortgage Bankers Association (MBA) survey showed that mortgage loan application volume declined 7.7% Compared to the same week last year, mortgage apps are down 57%. of the total.

Mortgages 397

Mortgages Fixed-rate mortgage Loans MLS 397

Housing Wire

AUGUST 10, 2023

The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s Consumer Price Index release. since May of this year, the 4.2

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Housing Wire

AUGUST 24, 2023

Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central bank will continue raising the funds rate, pushing borrowing costs even higher. What to expect with the Fed ?

Mortgages 370

Mortgages Fixed-rate mortgage Banks Investor 370

Housing Wire

DECEMBER 20, 2023

“The latest weakness in existing home sales still reflects the buyer bidding process in most of October when mortgage rates were at a two-decade high before the actual closings in November,” NAR Chief Economist Lawrence Yun said in a statement. “A A marked turn can be expected as mortgage rates have plunged in recent weeks.”

Sales 456

Sales Fixed-rate mortgage MLS Mortgages 456

Housing Wire

JULY 31, 2024

With both mortgage rates and home prices high, the median monthly payment for a homebuyer taking out a 30-year fixed rate mortgage is now over $3,000 and is up more than 20% from just two years ago,” Lisa Sturtevant, the chief economist at Bright MLS , said in a statement. to an index reading of 73.7.

Sales 468

Sales Fixed-rate mortgage MLS Industrial 468

Housing Wire

FEBRUARY 27, 2023

Buyers responded to better affordability from falling mortgage rates in December and January,” Lawrence Yun, NAR’s chief economist, said in a statement. NAR expects the economy to continue adding jobs throughout 2023 and 2024, and the 30-year fixed rate mortgage to steadily drop to an average of 6.1%

Sales 459

Sales Fixed-rate mortgage MLS Land 459

Housing Wire

SEPTEMBER 21, 2023

The housing market continues to cool amid high mortgage rates , affordability challenges and still-low inventory. from July to a seasonally adjusted annual rate of 4.04 However, month-over-month, the median home price nationally was flat in August, Bright MLS Chief Economist Lisa Sturtevant noted. compared to a year ago.

Sales 467

Sales Fixed-rate mortgage MLS Mortgages 467

Housing Wire

JANUARY 19, 2024

Slow home sales in 2023 were accompanied by higher mortgage rates , with the average rate on a 30-year fixed rate mortgage hitting a 23-year high in early November. But we can’t blame high mortgage rates for the deficit in transactions last year. In 2023, 4.09 in December.

Fixed-rate mortgage 468

Fixed-rate mortgage Sales MLS Mortgages 468

Housing Wire

DECEMBER 23, 2022

The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. The run-up in home prices was driven by rock-bottom mortgage rates and pandemic-fueled demand. Bright MLS’ forecast suggests that there will only be 4.87

Marketing 433

Marketing Fixed-rate mortgage MLS Mortgages 433

Housing Wire

SEPTEMBER 20, 2023

The FOMC also said it would continue to reduce its holdings of Treasury securities and agency debt and agency mortgage-backed securities. During a press conference with reporters on Wednesday, Fed Chair Jerome Powell said that the committee decided to leave their policy interest rate unchanged. However, only 70.9%

Fixed-rate mortgage 474

Fixed-rate mortgage Mortgages Investor Finance 474

Housing Wire

JULY 26, 2023

While the markets have already “priced in” this rate hike, which was widely expected, most investors are already wondering what it would take for the central bank to lift rates again later this year. For the housing market, that likely means a few more months with mortgage rates above 6%. Rents were up 8.3%

Fixed-rate mortgage 370

Fixed-rate mortgage Investor Mortgages Banks 370

Housing Wire

MARCH 14, 2023

“Before this week’s bank failures and growing risks in the banking sector, the February inflation report would have meant that it was all but certain that the Federal Reserve would continue to raise rates,” Lisa Sturtevant, Bright MLS chief economist, said in a statement.

Banks 368

Banks Fixed-rate mortgage MLS Lending 368

Inman

NOVEMBER 7, 2024

Home affordability improved as mortgage rates dipped, bringing the monthly mortgage payment on a typical single-family home with a 20 percent down payment to $2,137 — a 5.5 percent decrease from Q2, though still up 2.4 percent year over year.

Mortgages 166

Mortgages Fixed-rate mortgage MLS Marketing 166

Toronto Realty Blog

APRIL 18, 2022

Because it’s a shot across the bow to anybody that is going to suggest an assumable mortgage is not a commodity that can, or will, be bought and sold with regularity in the coming months. So what if a buyer of a house could save $50,000 per year on mortgage interest? Fixed-Rate (5-year): 4.19%. Well, rate-holds!

Fixed-rate mortgage 106

Fixed-rate mortgage Mortgages Purchase and sale agreement MLS 106

Marco Santarelli

DECEMBER 2, 2023

Many people who are looking to buy a home in the US are wondering if they will ever see mortgage rates as low as 3% again. After all, just a year ago, the average 30-year fixed-rate mortgage was around 3.1% , according to Freddie Mac. But since then, mortgage rates have been steadily rising.

Mortgages 105

Mortgages Fixed-rate mortgage Investor MLS 105

Realtor.com

NOVEMBER 10, 2022

Design by Realtor.com / Getty Images (3) Some sobering news: 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%

Mortgages 88

Mortgages Fixed-rate mortgage MLS As-is 88

Marco Santarelli

FEBRUARY 15, 2025

The troubling sign for mortgage rates is here as inflation has surged back up to 3%. The rise in annual inflation will likely push mortgage rates higher for prospective homebuyers. It's not a massive leap, but it's enough to get the attention of the Federal Reserve and, more importantly, influence mortgage rates.

Mortgages 52

Mortgages Fixed-rate mortgage Loans Finance 52

Marco Santarelli

MAY 10, 2024

For homebuyers in June 2024, the predictions of mortgage rates loom large. After a period of decline in early 2024, rates have seen a slight uptick in May , leaving many wondering what June holds. Let's explore some expert predictions for mortgage rates in June 2024. through the second quarter.

Mortgages 52

Mortgages Fixed-rate mortgage MLS Banks 52

RIS Media

MARCH 9, 2022

Commenting on the latest statistical report from Northwest MLS, representatives of the service, which includes 2,500-member firm offices and 32,000 brokers, expressed optimism for the housing market as pandemic-related restrictions ease, but also uncertainty due to the global economic crisis around Russia’s invasion of Ukraine.

Purchase and sale agreement 98

Purchase and sale agreement MLS Fixed-rate mortgage Mortgages 98

Calculated Risk Real Estate

SEPTEMBER 17, 2024

From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.88 from last August.

Sales 64

Sales Fixed-rate mortgage MLS Mortgages 64

GeekEstate

SEPTEMBER 16, 2020

All-Time Low Interest Rates. Low interest rates on long-term mortgage loans have fallen even further, hitting an all-time historic low in August, 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%.

Fixed-rate mortgage 110

Fixed-rate mortgage Agents MLS Mortgages 110

Boom Town

SEPTEMBER 11, 2020

All-Time Low Interest Rates. Low interest rates on long-term mortgage loans have fallen even further, hitting an all-time historic low in August, 2020. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%.

Fixed-rate mortgage 98

Fixed-rate mortgage MLS Mortgages Agents 98

Marco Santarelli

JUNE 7, 2024

If you are a prospective homebuyer or homeowner looking to refinance your mortgage, you might be wondering when will mortgage rates go down to 3% in the US. In fact, mortgage rates are expected to stay above 6% for most of 2024 , and only gradually decline by the end of the year. at the end of 2023, and 7.1%

Mortgages 59

Mortgages Fixed-rate mortgage MLS Loans 59

Toronto Realty Blog

SEPTEMBER 8, 2022

Now, having said the preceding, there were a lot of awesome suggestions and even better comments to pick-and-choose from, so let me continue with my “Top Ten” discussion points for the fall market, picking up with our fourth point… – 4) Mortgage Matters. There is so, so, so much that we can talk about here!

Marketing 111

Marketing Fixed-rate mortgage Banks Principal 111

Calculated Risk Real Estate

NOVEMBER 17, 2023

Early Read on Existing Home Sales in October From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 3.94 from last October.

Sales 72

Sales Fixed-rate mortgage MLS Mortgages 72

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. The 30-year fixed-rate mortgage rate was at 6.6 A real estate market forecast can only be complete when discussing interest rates.

Marketing 89

Marketing Fixed-rate mortgage Construction Residential 89

HomeLight

APRIL 11, 2023

She goes on to say that buyers now “can sometimes receive seller concessions that can be used to buy down their interest rates, and then they’re not waiving important contingencies that they’ve had to waive in the past couple of years.” Bottom line: When is the best time to buy a house in Colorado?

Fixed-rate mortgage 105

Fixed-rate mortgage Seller concession Agents Sales 105

HomeLight

JUNE 9, 2023

However, there are some instances when having a lease makes more sense than taking out a mortgage loan. Step 3: Check your credit report and repair what you can Good credit is key to snagging a mortgage with good terms and a lower interest rate. The only way your interest rate would change is through refinancing.

Title 105

Title Loans Title search Inspection 105