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Trouble Ahead for U.S. Housing?

Trouble Ahead for U.S. Housing?

by Third Party | Nov 10, 2022 | Current News & Events, U.S. Housing Market

Source: Institutional Investor —  There are growing signs that the Federal Reserve’s rate policies are starting to bite into the U.S. housing market. Mortgage rates on 30-year fixed rate loans have risen from around 3% at the end of 2020 to just over 7% in...
Local homes sales drop as mortgage rates rise

Local homes sales drop as mortgage rates rise

by Third Party | Nov 10, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: WWNYTV 7 News —  WATERTOWN, New York (WWNY) – Mortgage rates are right around 7 percent for a 30-year fixed rate. Nationally, rates are at their highest since 2006 and they’ve nearly doubled since last year. So, what is this doing to the local...
With Interest Rates at 7%, Here’s How Much More You’re Paying for a $500K House

With Interest Rates at 7%, Here’s How Much More You’re Paying for a $500K House

by Third Party | Nov 10, 2022 | Current News & Events, Real Estate News, U.S. Housing Market

Source: Motley Fool —  If you’re in the market for a new home, you’re probably well aware that mortgage rates are on the rise. In fact, they’ve more than doubled since the beginning of the year and are now at their highest level in nearly 15...
Should You Pay Points to Get a Lower Mortgage Rate?

Should You Pay Points to Get a Lower Mortgage Rate?

by Third Party | Nov 10, 2022 | Industry Updates, Mortgage Information

Source: Yahoo! Finance —  With mortgage rates near 20-year highs, some homebuyers are struggling to afford homes. The average rate for a 30-year fixed mortgage was 6.95% in November’s first week, dipping from a 7.08% peak a week earlier, according to Freddie Mac...
Marry the House, Date the Mortgage Rate – Does It Work?

Marry the House, Date the Mortgage Rate – Does It Work?

by Third Party | Nov 9, 2022 | Mortgage Information, Real Estate Agent Tools

Source: Yahoo! —  The average U.S. rate for a 30-year fixed mortgage reached a 20-year high of 7.08% in the final week of October, more than doubling from a year earlier, according to Freddie Mac (FMCC). Homebuyers aren’t happy. On a $350,000 home loan, a...
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