Mortgage rate forecast for July 2022: Borrowers feel the heat
Source: Bankrate — The mercury in your thermometer’s going up, and mortgage rates are also climbing, creating an uncomfortably hot and sticky situation for prospective homebuyers. Currently, the benchmark 30-year fixed mortgage rate is treading close to 6...
Redfin Economist Q&A: How Rising Rates and Economic Uncertainty Could Impact Home Prices, Migration, Rentals and More
Source: Redfin — Mortgage rates have doubled since the beginning of the year to nearly 6%, taking a toll on affordability and demand. The monthly payment on a $400,000 home rises more than $550 with rates going from 3% to 6%. That increase, along with the...
First American: Housing affordability drops to lowest point since 2007
Source: Scotsman Guide — The latest Real House Price Index (RHPI) report from First American Financial Corp. offered further confirmation that affordability is one of the U.S. housing market’s biggest issues. The RHPI, which measures the price changes of...
Redfin’s chief economist says the housing market correction has begun—and things are going to get worse before they get better
Source: Fortune — As summer kicks off, everything is heating up. Everything, it seems, except the housing market. Following a blistering two year tear, real estate firm Redfin is reporting big drops in demand and price cuts becoming the norm in many of the...
Housing Market Update: Asking Prices Come Down from All-Time High
Source: Redfin — More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike. The median asking price of newly listed homes is down 1.5% from the all-time high it reached in the spring, and a...
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Mortgage Information
CoreLogic: Another big home-price increase in May, but slowdowns are comingJuly 6, 2022
Mortgage rate forecast for July 2022: Borrowers feel the heatJuly 5, 2022
Redfin Economist Q&A: How Rising Rates and Economic Uncertainty Could Impact Home Prices, Migration, Rentals and MoreJuly 4, 2022
First American: Housing affordability drops to lowest point since 2007July 4, 2022
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Mortgage rate forecast for July 2022: Borrowers feel the heat
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