Source: Redfin — That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The...
Source: Realtor — Our dollars aren’t stretching anywhere near as far as they used to. Rising prices on everything from groceries to gas have put a serious dent in wallets nationwide. And those spiraling prices include the housing market, which continues to push...
Source: Scotsman Guide — A new Zillow study found that homes in U.S. suburbs have recently been appreciating faster than urban homes, reversing historic norms and highlighting buyers’ preferences away from urban areas even as the COVID-19 pandemic continues to...
Source: Redfin — The number of homes for sale shrank at its slowest pace in April since the start of the pandemic. Home sales fell and price growth slowed as soaring mortgage rates prompted more buyers to throw in the towel. The housing market turned a corner...
Source: Nerdwallet — You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the...
