As the war in Iran continues on, it’s placing economic uncertainty on homebuyers navigating the spring selling season. Despite that, there’s been an uptick in market pace, according to the Realtor.com® Weekly... Read more »
The market initially reacted strongly after President Donald Trump signaled support for increased activity, directing the GSEs toward a $200 billion expansion of their MBS portfolios. Bloomberg reported on March 22 that the... Read more »
Weekly pending sales Pending home sales data provides a week-to-week perspective, though results can be affected by holidays and short-term fluctuations. The last six weeks have shown positive yearly growth. However, the... Read more »
Mortgage Rates Surge as Spring Selling Season Approaches—Here’s What Buyers and Sellers Need To Know
Mortgage rates jumped 16 basis points last week, their largest single-week increase in nearly a year, putting additional pressure on homebuyers already navigating a challenging market. The three-week climb marks the steepest... Read more »
The spring selling season is seeing increasing inventory and lower home prices, according to the Realtor.com® Weekly Housing Trends report for the week ending March 26. Those factors combined favors buyers, but... Read more »
Housing demand was fine before the war! Housing demand was running very smoothly this year, having its best start in years, even with the snow events. We saw multi-year highs in purchase... Read more »
Mortgage applications dropped for the second consecutive week as rates moved higher again. Home loan applications decreased 10.5% for the week ending March 20, according to the Mortgage Bankers Association. The Market... Read more »
The sharp upward movement in rates in a short period is eye-catching, but mortgage professionals say there’s no reason to panic as market conditions remain relatively healthy and affordable. ‘Natural, balanced market’... Read more »
Oil prices Oil prices have been elevated since the start of this conflict, but so far the White House has been able to keep WTI mostly below $100. However, the longer this... Read more »
So, you’ve been dreaming of owning a home, maybe picturing yourself settling in just in time for warmer weather. Well, I’ve got some news that’s a bit of a buzzkill. For the... Read more »