Source: Next Advisor — The average 30-year mortgage rate is higher than it’s been in 20 years. Last week, it reached 7%, and it’s still inching higher. But the most startling thing might be just how quickly it got there. A year ago, it was 3.24%. That’s a...
Source: Real Trends — The Emerging Trends in Real Estate report, produced by PWC and The Urban Land Institute (ULI), has been the dominant voice in reporting the future of the industry for more than 40 years. Given the market upheavals in the years since the...
Source: Market Watch — Winter is coming. And in the case of real estate, that may be a good thing — at least for buyers looking for a lower priced home. Indeed, a 2021 analysis from real estate research firm ATTOM Data Solutions found that October, November and...
Source: The Hill — The Federal Reserve’s latest interest rate hike Wednesday of 0.75 percentage points is expected to intensify pressure on the housing market while pushing up mortgage rates that already have reached nearly 20-year highs. The interest hike...
Source: The Hill — Mortgage rates dipped slightly last week for the first time in more than two months amid the Federal Reserve’s ongoing fight with inflation, according to data released Wednesday by the Mortgage Bankers Association (MBA). The MBA’s weekly...
Source: Yahoo! News — Mortgage rates, over 7% or so, are at their highest levels in 20 years and loan applications are down. So, it should follow, that homeowners looking to refinance loans would also be headed to the sidelines in droves. But according to...
