Mortgage rates dip as Omicron variant triggers market volatility
30-year mortgage rates fell to 3.05%, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey, released Thursday
by Daniel Houston Dec 23
US home sales prices hit another all-time high, leaving buyers in the dust
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market
by Lillian Dickerson Dec 23
housing market
The median sales price, meanwhile, soared 13.9% year over year in November as inventory plunged 13.3%, according to data released Wednesday by the National Association of Realtors
by Lillian Dickerson Dec 22
Small, outdoor-friendly rental markets thrived in 2021: RentCafe
As would-be homebuyers opted out of the for-sale market due to harsh market conditions in 2021, renters turned to alternative markets with space and access to nature, a recent year-end study from RentCafe found
by Lillian Dickerson Dec 21
Before the Fed sped up tapering, mortgage rates saw little change
With mortgages likely getting more expensive for borrowers down the road, the rates for 30-year loans have been holding steady for weeks
by Daniel Houston Dec 16
Home prices hit near-record high as inventory bottoms out
Redfin chief economist Daryl Fairweather says homebuyers are finding themselves 'priced out of homeownership'
by Andrea V. Brambila Dec 15
Bond yields rise as Fed says it will double pace of tapering
Support for mortgage markets on track to end by March
by Matt Carter Dec 15
2021 broke records for days on market, median price and more
A new report from Redfin describes 2021 as 'remarkable' and identifies numerous records that fell over the last 12 months
by Jim Dalrymple II Dec 13
Markets remain volatile, but mortgage rates stay the course
The average rate for a 30-year, fixed rate loan was 3.10% this week, according to Freddie Mac's latest lender survey
by Daniel Houston Dec 10
After rocky November, rates for 30-year mortgages stabilize above 3%
The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey
by Daniel Houston Dec 2
Drop in demand for mortgage refinancing hints at what's to come
Applications to refinance fell 41% from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Dec 1
Fed still considering faster tapering of support for mortgages
Fed chair Jerome Powell says economy is 'very strong' and inflation now looks like more than a transitory issue
by Matt Carter Nov 30
Record increase in Fannie, Freddie loan limits fuels debate
An 18% increase in conforming loan limit, to $647,200, is the biggest leap in records dating to 1970
by Matt Carter Nov 30
Skyrocketing US home prices are finally beginning to slow down
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August
by Lillian Dickerson Nov 30
Fed stands ready to accelerate tapering of mortgage purchases
Fed policymakers are prepared to adjust the pace of asset purchases if inflation continues to run hot, minutes released Wednesday of their Nov. 3 meeting show
by Matt Carter Nov 24