Source: Yahoo! News — About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages...
Source: CBS News — Refinancing your mortgage can be a great way to save money and improve your personal finances. With a refinancing, you replace your current mortgage with a new loan. The refi loan is used to pay off your old mortgage, and then you move...
Source: Fox Business — The average 30-year mortgage rate decreased this week for the third consecutive week as markets gain confidence that interest rate spikes will slow in 2023, according to a new report by Freddie Mac. The average 30-year fixed-rate...
Source: NerdWallet — December mortgage rates forecast Interest rates on fixed-rate mortgages could stabilize or even drift lower in December. Lower mortgage rates would be a welcome respite to conclude a tumultuous year in which rising rates strained...
Source: Yahoo! Finance — The U.S. housing market is clearly slowing down. The Census Bureau’s statistics show that building starts dropped around 11% between Jan 2021 and Oct 2022 and dropped 6% in the twelve months to October. New home sales are down over 30%...
Hits and Misses for the Real Estate Week of March 23-27
