Mortgage Applications Spike This Week
Ahead of today’s highly anticipated rate cut by the Federal Reserve, applications for home purchases saw a significant increase last ...
Tag: Housing Affordability
Harvard Study Investigates Renters’ Cost Burdens and Prescribes Solutions
Many Americans are renters—and while it’s still considered a more affordable option than buying a home, renting comes with its ...
Mortgage Rates Drop to their Lowest Level in 19 Months
Good news for those hoping for more decreases in mortgage rates this week, however the same challenges persist regarding affordability ...
Ahead of Expected Fed Rate Cut, Mortgage Applications Increase for Third Straight Week
Home purchase applications edged up for the third straight week, increasing 1.4% from last week’s increase of 1.6%, as mortgage ...
Urban Institute Lays Out Paths to Permanently Affordable Housing
As the 2024 Presidential Election closes in, voters feel that candidates should do more work on housing issues, according to ...
Paying More for Less: Home Sizes Shrink As Costs Go Up
It’s no secret that home affordability across the country has been an ongoing issue for years. Many are left wondering ...
Mortgage Rates Continue Falling Ahead of Expected Rate Cut
Falling to its lowest level since May 2023, the average 30-year-fixed mortgage rate fell again this week to 6.35%, down ...
Median-Price Existing Homes Less Affordable Than New Homes in Q2
The National Association of Home Builders (NAHB)/Wells Fargo Cost of Housing Index (CHI) found that in Q2 2024, a family ...
Treasury Department Unveils New Initiatives to Aid Housing Affordability
As Americans prepare to head to the polls in the fall, one subject will be on the mind of almost ...
Mortgage Rates Remain at Lowest Level in Over a Year
With the exception of one increase over the Fourth of July, the average mortgage rate has either dipped or remained ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
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