Tag: Interest Rates

Posted on 04/24/2024

Mortgage points: What they are and how they can help

Mortgage points can be a confusing topic, especially if...

Homebuyer

Homeowner

+ 3 more

Posted on 01/18/2023

Understanding Home Prices: Key Factors to Consider

Housing prices are constantly changing, which can make both buying and selling a home more complicated. While it’s difficult to predict future changes, it’s important to understand the key factors that affect the housing market and home prices. Here are the five major things that affect housing prices: Economic Change The overall health of the economy is a...

Economy

Home Prices

+ 7 more

Posted on 06/17/2022

Surging Mortgage Rates Spook House Hunters

© Dan Brownsword - Image Source/Getty Images Borrowing costs have climbed to their highest level since 2008, sending shock waves through the housing market. Mortgage rates have climbed to their highest level since 2008, pinching home buyers’ budgets. The 30-year fixed-rate mortgage averaged 5.78% this week, way above its 2.93% average just one year ago, Freddie Mac reports....

Realestate Investment Realestateinvesting Realestatetips Realestateagent Homebuying Homeselling Forsale

Mortgage

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Posted on 05/31/2022

More Sellers Dropping Asking Prices

© fstop123 - iStock / Getty Images Plus May 31, 2022 Some homeowners may need to reset their price expectations. Signs of a slowing real estate market are growing across the country—existing-home sales and new-home sales are falling as well as pending home sales. Pending home sales fell for the sixth consecutive month in April and are now...

Realestate

Price Drop

+ 3 more

Posted on 05/17/2022

New-Home Buyers Face Rising Rate Surprises

© Andrii Yalanskyi - iStock / Getty Images Plus New-home buyers who signed a contract to purchase their home a year ago, when mortgage rates were 3% or in some cases less, are finding themselves caught off-guard as their homes near completion, as mortgage rates have climbed to 5.3% this spring. They may face increases of hundreds of...

Interest Rates

Home Buyers

+ 1 more

Posted on 05/06/2022

The Fed & Jobs Report

With a wide range of major economic news, it was an extremely volatile week. The actions by the Fed were in line with investor expectations and the Employment report came in very close to the consensus forecast, but mortgage rates ended the week even higher. As expected, the Fed raised the federal funds rate by 50-basis points on...

Inflation

Interest Rates

+ 4 more

Posted on 04/29/2022

How Will Rising Gas Prices Impact the Housing Market?

As gas prices are steadily rising across the country, many U.S. residents are wondering when this increase will begin to slow down and whether or not sky-high gas prices could affect the housing market. Over the past several years, housing prices as well as the costs of many common goods and services have slowly risen due to the...

Posted on 03/25/2022

In a grim sign for the housing market’s busiest season, pending home sales, which measure signed contracts on existing homes, fell 4.1% in February compared with January, according to the National Association of Realtors. Sales were down 5.4% compared with February 2021. Analysts were expecting a slight gain. This is the fourth straight month of declines in pending...

Real Estate

Housing

+ 4 more

Posted on 03/18/2022

Home Sales Fell Far More Than Expected In February, As Mortgage Rates Rose And Supply Remained Tight

Sales of previously owned homes fell 7.2% month to month in February to a seasonally adjusted annualized rate of 6.02 million units, according to the National Association of Realtors. That significantly missed analysts’ expectations of 6.13 million units. Sales were 2.4% lower compared with the same month a year ago. Rising mortgage rates likely played a role in the...

Real Estate

Mortgage

+ 4 more

Posted on 03/14/2022

How the Turmoil Could Have a Big Impact on Home Prices

(Getty Images) TRENDS Inflation, Gas Pump Pain, and Putin: How the Turmoil Could Have a Big Impact on Home Prices Soaring inflation, spiking gas prices, and the war in Ukraine have taken their toll on just about everyone’s bank account balances—as well as their frazzled psyches. We’re already experiencing the worst inflation rates of the 21st century, and...

Real Estate

Interest Rates

+ 4 more

Posted on 02/23/2022

What Affects the Housing Market? Understanding the Basics

Whether you’re buying or selling a house, it’s important to have a basic understanding of the housing market. However, that can be a lot more complicated than it seems. Many factors affect both your local and national housing markets, some of which can be hard to track and quantify. However, there are some basics you can start with...

Buyers Vs Sellers Market

Buyers Market

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Posted on 12/19/2020

Mortgage Rates on the Rise?

2 reasons mortgage rates could rise in 2021 If you’re thinking about refinancing your home at the lowest rate possible, your window may be closing. The coronavirus pandemic has made refinancing your home more attractive — and affordable — but things could change quickly in the next few months. To ensure you're getting low mortgage rates, get started on...

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