Average 30-Year Mortgage Rate to Surpass 5% Next Year, Freddie Mac Projects
The 30-year fixed-rate mortgage reached a high of 4.66 percent in the third week of May and is sitting at 4.57 percent as of June 21, according to Freddie Mac. “Our forecast has mortgage rates slowly...
View ArticleFor Now, Rising Rates are Not Hurting Home Sales. Here’s Why.
A year ago at this time, the 30-year fixed-rate mortgage averaged 3.89 percent. This past week, the average registered 4.54 percent, according to Freddie Mac. Despite surging mortgage rates over the...
View ArticleShare of U.S. Mortgage Holders in ‘Negative Equity’ Falls Below 10%
Propelled mostly rising home values, the share of American homeowners who owe more on their mortgages than their homes are worth dropped to 9.1 percent during the fourth quarter of 2017, Zillow...
View ArticleHousing Market’s ‘Staggeringly’ Low Inventory Persists as Prices Climb
After increasing for two straight months, sales of existing homes pulled back in April on both a monthly and annualized basis, the latest report from the National Association of Realtors (NAR) says....
View ArticleRates on 30-Year Mortgages Hit 7-Year High, Refinance Applications Down
Interest rates for 30-year fixed mortgages hit highs not seen since 2011, and that has caused home-loan applications to slide. Mortgage applications decreased 2.6 percent from one week earlier,...
View ArticleHome Values Rising at Fastest Pace in 12 Years, Zillow Says
Over the past year, U.S. home values surged 8.7 percent to a median value of $215,600. That’s the fastest pace in 12 years, according to the Zillow’s latest Real Estate Market Report. Home values in 21...
View ArticleMortgage Rates Steady as Housing Market ‘Resilient’ Moving Into Spring, Says...
National mortgage rates are holding steady, while the housing market overall remains resilient as borrowing costs for consumers may be poised to rise again. That’s the conclusion from Freddie Mac’s...
View ArticleTax Plan to Cap Mortgage Interest Deduction Could Harm Housing Market,...
The Republican tax plan didn’t do away with the mortgage interest deduction, as first feared, but it halves the cap on the deduction for newly purchased homes to $500,000. It does maintain the current...
View ArticleMedian Price of New U.S. Homes Sold Hits New High: $345,800
The market for new U.S. single-family homes rebounded last month with a 2.9 percent increase to a seasonally adjusted annual rate of 610,000, the Commerce Department says in its latest update. May’s...
View ArticleRising Home Prices, Rents Spur Housing Affordability Concerns
Rising home prices and tight supplies are making it costlier for both renters and potential home-buyers in the current housing market, despite the steady recovery from the foreclosure crisis and Great...
View Article30-Year Fixed Mortgage Rate Falls to 7-Month Low
Home buyers, along with homeowners looking to refinance their existing loans, are having it a bit easier lately as the 30-year fixed mortgage rate dropped for the fourth consecutive week and has...
View ArticleMortgage Rates Steady as Housing Market ‘Resilient’ Moving Into Spring, Says...
National mortgage rates are holding steady, while the housing market overall remains resilient as borrowing costs for consumers may be poised to rise again. That’s the conclusion from Freddie Mac’s...
View ArticleTax Plan to Cap Mortgage Interest Deduction Could Harm Housing Market,...
The Republican tax plan didn’t do away with the mortgage interest deduction, as first feared, but it halves the cap on the deduction for newly purchased homes to $500,000. It does maintain the current...
View ArticleMedian Price of New U.S. Homes Sold Hits New High: $345,800
The market for new U.S. single-family homes rebounded last month with a 2.9 percent increase to a seasonally adjusted annual rate of 610,000, the Commerce Department says in its latest update. May’s...
View ArticleRising Home Prices, Rents Spur Housing Affordability Concerns
Rising home prices and tight supplies are making it costlier for both renters and potential home-buyers in the current housing market, despite the steady recovery from the foreclosure crisis and Great...
View Article30-Year Fixed Mortgage Rate Falls to 7-Month Low
Home buyers, along with homeowners looking to refinance their existing loans, are having it a bit easier lately as the 30-year fixed mortgage rate dropped for the fourth consecutive week and has...
View ArticleHome Price Growth Surges 6.9% in Q1, Fastest Pace in 10 Years
Inventory levels of homes for sale continued downward during the first quarter, sending national home prices to their strongest quarterly sales pace in 10 years, according to the latest quarterly...
View ArticleMortgage Delinquencies at Their Lowest Level Since Late 2007
Serious mortgage delinquency and foreclosure rates continue to move lower and are at their lowest levels since the fourth quarter of 2007, according to CoreLogic’s monthly Loan Performance Report for...
View ArticleMortgage Rates Fall Below 4% for First Time Since Trump’s Election
The average for the 30-year fixed-rate mortgage fell below 4 percent this week for the first time since the week of November 17, just days following the election of Donald Trump as president. The move...
View ArticleRising Student Loan Debt Seen as Further Hurting Homeownership Rates
The homeownership rate among Americans is at a 50-year low and could be getting worse with the help of mounting student loan debt. A new report from the New York Federal Reserve points out that...
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