It’s always important to stay on top of financial trends, especially when it comes to interest rates. Are you also wondering what the projected interest rates will be in the next five... Read more »
In this article, we’ll explore the latest predictions for mortgage rates over the next 90 days and what it means for those looking to buy or refinance a home. For prospective homebuyers... Read more »
When it comes to the economy, inflation and interest rates are two crucial concepts that are intertwined with each other. Interest rates refer to the cost of borrowing money, while inflation is... Read more »
The housing market in 2023 is facing a perfect storm of challenges that is sending shockwaves throughout the industry. Housing prices have been soaring, supply is painfully tight, and to add to... Read more »
Weekly housing inventory data Even though I haven’t been able to hit my target level of 11,000 -17,000 weekly inventory growth levels in 2023 with higher rates, it is clear that higher... Read more »
Average mortgage rates on 30-year fixed home loans continued their march towards 8% this week as the Treasury yield surpassed 5%. Rates have been steadily climbing for seven straight weeks, the longest... Read more »
While existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates and incentives. Today, the new home... Read more »
With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers... Read more »
There is a lot of speculation in the media that the slowing housing market is an indication that the market is headed for a housing crash. People who recall the subprime mortgage... Read more »
Weekly housing inventory data One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good thing for the housing market.... Read more »