Mortgage Rates Continue to Hover in the Mid-Six Percent Range
The 30-year-fixed-rate mortgage changed little this week, averaging 6.66%, a slight increase from last week’s average of 6.62%, according to ...
Tag: Housing Affordability
Home Price Growth Speeds Up Again in November
Single-family home prices increased by 5.2% year-over-year in November, the strongest annual growth rate recorded since January 2023, according to ...
How Mortgage Rates Affected Home Affordability in 2023
Despite their current downtrend, mortgage rates had a heavy affect on homeowner affordability in 2023. Specifically, buying power (a homebuyer's ...
Mortgage Rates Move Sideways as Markets Digest Incoming Data
The 30-year-fixed-rate mortgage remained flat this week, averaging 6.62%, relatively the same as last week’s decline to 6.61%, according to ...
After Brief Surge, Mortgage Applications Continued Decreasing Over Two-Week Period
Mortgage applications decreased a notable 9.4% this week from two weeks earlier (the last report before the Christmas holiday), when ...
Pending Home Sales Flat in November
Pending home sales in November were identical to those in October, according to this month’s report from the National Association ...
Mortgage Rates Remain on Downward Trend Heading Into the New Year
The 30-year fixed-rate mortgage (FRM) averaged 6.61%, down from last week’s dip to 6.67%, according to the latest Primary Mortgage ...
Home Affordability Remains a Challenge in Q4 2023
Despite recent positive economic developments—lowering mortgage rates below 7% and a second consecutive rate pause from the Fed—housing affordability continues ...
Rent Prices Continue Seven Month Fall
The median U.S. asking rent fell $12 to $1,717 in November, the seventh consecutive month of year-over-year declines, according to ...
Foreclosure Activity Sees Decline in November
A total of 32,120 properties had foreclosure filings—default notices, scheduled auctions or bank repossessions—in November, down 7% from a month ...
3 Business Moves Agents Should Make Before Summer
As the market heads into the summer season, the groundwork you lay now can determine whether the coming months are productive. Agents can use this time to reconnect with clients and position themselves for more listings. Here are three smart business strategies to make before summer arrives. Read more.
Business Tip of the Day provided by
