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Rate-lock tipping point: Homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher
A new Zillow® survey has identified the mortgage rate tipping point that makes homeowners more likely to move, which is key in unlocking the housing market and slowing price growth. Homeowners with […]
Mortgage locks edge lower in June while credit availability continues to tighten
Black Knight, Inc. has announced the release of its latest Originations Market Monitor report, looking at mortgage origination data through June 2023 month-end. Leveraging daily rate lock data from the Black Knight Optimal Blue PPE, the […]
Realtor.com® 2023 Forecast update: Home prices expected to see a slight decline
Mortgage rate lock-in will continue to be a major challenge for the housing market in the remainder of 2023, according to the Realtor.com® 2023 Forecast Update. While prices have eased slightly, higher […]
Rising mortgage rates drive rental housing resiliency: S&P global ratings report
Sharp mortgage rate increases have worsened housing affordability over the past year, forcing more consumers to rent or to continue renting for longer, according to a report published today by […]
Mortgage rates slow their upward trajectory
Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent. “Mortgage rates slowed their upward trajectory this week,” said Sam Khater, […]
Mortgage rates decrease slightly
Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.66 percent. “Mortgage rates decreased slightly this week due to ongoing economic […]
Mortgage rates maintain their ascent
Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.89 percent. “Mortgage rates rose again as markets continue to manage the […]
Mortgage rates continue to move up
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.66 percent. “The market’s renewed perception of a more aggressive monetary policy […]
More consumers expect mortgage rates and home prices to rise even further
The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints continue to drive consumers’ perception of the housing market. Overall, five of […]
Homebuyers on a $2,500 Monthly Budget Stand to Lose $23,250 in Spending Power as Mortgage Rates Rise from Record Lows
A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to a report from […]
Lower mortgage rates could assist with affordability and increase competition among area buyers
The 16-county Charlotte housing market continued its run of steady gains in both home sales and prices in February. According to data from Canopy MLS, year-over-year home sales rose […]
Mortgage Rates Decrease Slightly
Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.72 percent. “The combination of improved economic […]
Latest News
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- U.S. housing market avoids crash, but challenges remain for buyers and sellers
- Rate-lock tipping point: Homeowners are nearly twice as willing to sell if their mortgage rate is 5% or higher
- Equity improves for U.S. homeowners as housing market boom shows signs of revival
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