Financial Information
Mortgage rates will likely trend higher
“The job market strengthened in February with 379,000 net new job additions. More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day. Another 9.5 million jobs...
Instant Reaction: Mortgage Rates
Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. Over 95% of metro markets are experiencing price growth as buying power has gone up due to rates st...
Extraordinary times and Extraordinary movement
“The country is undergoing extraordinary times and extraordinary movement is happening in the jobs data. The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin, and comes on top of 2.7 milli...
Mortgage Rates Are at Nearly 50-Year Lows. How Much More Could They Fall?
One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fallen to their sasun1990/iStock One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fall...
Housing momentum sets up positive performance
In 2019, home sales increased 1.5% year-over-year on average in the top 10 markets combined. While modest, this defied the broader sales declines observed everywhere else in 2019. Additionally, home prices increased 6.5% year-over-year on avera...
Could January be the New April for Home Shopping?
People have begun their home search earlier each year since 2015 January 2019 fell just one percent behind February for highest number of views per listing In one out of five markets January saw the highest number of listing views in 2019 Al...
Mortgage rates hit a 14-month low
Rates for home loans fell to the lowest in a year as inflation cooled and investors braced for a slowing global economy. The 30-year fixed-rate mortgage averaged 4.37% in the February 14 week, mortgage guarantor Freddie Mac said Thu...
Forecasters: Home Buyers, Sellers May Have Tough Road Ahead
Rising mortgage rates and home prices may prove a bigger thorn to home buyers in 2019 as buying a home gets more expensive in the new year. Meanwhile, as more homeowners list their homes, sellers will face greater competition, possibly increasi...