Rising 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 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 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 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 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 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 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 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 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 ArticleAverage 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 Article
