mortgage rates

Aug 29, 2023

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 […]

Aug 10, 2023

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 […]

Jul 27, 2023

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 […]

Apr 13, 2023

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 […]

Nov 2, 2022

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, […]

Oct 12, 2022

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 […]

Sep 29, 2022

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 […]

Sep 22, 2022

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 […]

May 4, 2022

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 […]

Mar 30, 2021

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 […]

Mar 11, 2020

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 […]

Mar 9, 2020

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 […]

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