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The Drop in Mortgage Rates Brings Good News for Homebuyers

The Drop in Mortgage Rates Brings Good News for Homebuyers

by Third Party | Jul 12, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Keeping Current Matters —  Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this...
Homeownership just got 5% cheaper as mortgage rates fall off a cliff

Homeownership just got 5% cheaper as mortgage rates fall off a cliff

by Third Party | Jul 11, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Yahoo Finance —  U.S. mortgage rates fell sharply and for the second straight week as monetary policies meant to slow the economy take hold of the housing market. The rate on the popular 30-year fixed mortgage hasn’t fallen this much since December 2008,...
Mortgage rates just saw their biggest drop since 2008: Two reasons why that’s not good news.

Mortgage rates just saw their biggest drop since 2008: Two reasons why that’s not good news.

by Third Party | Jul 11, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: USA Today —  Earlier this week, Freddie Mac reported that mortgage rates had fallen rapidly over the course of the week. The government-sponsored entity that buys mortgages on the secondary market tracks trends in mortgage rates. Its data showed that the...
Housing Market Competition in U.S. Eases This Summer

Housing Market Competition in U.S. Eases This Summer

by Third Party | Jul 11, 2022 | Industry Updates, Real Estate News

Source: World Property Journal —  Based on new data from national property broker Redfin, after years of tipping heavily in sellers’ favor, the scales of the U.S. housing market are finally balancing out. Soaring housing costs caused many house hunters to...
The Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country

The Bay Area Housing Market Is Cooling More Rapidly Than Anywhere Else in the Country

by Third Party | Jul 10, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  Housing markets in northern California are cooling faster than anywhere else in the U.S. amid high mortgage rates and a faltering stock market. Five of the 10 U.S. housing markets that have cooled fastest this year are in northern...
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