Source: Bloomberg — There may be signs the overheated housing market is cooling, but many buyers still feel like it’s near-impossible to get a house without an all-cash offer, or something close to it. One way to get your hands on that amount of cash is to...
Source: Mortgage News Daily — Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception. To understand why this is happening, we first need to consider that...
Source: Mortgage News Daily — Inflation is the enemy of low interest rates. As such, the mortgage market was waiting patiently for this week’s key inflation report released this morning. Thankfully, it showed inflation was running a bit cooler than...
Source: Keeping Current Matters — A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a...
Source: Bankrate — In a reversal from the rapid rise in recent weeks, the average rate on 30-year mortgages dipped to 5.85 percent this week from 5.91 last week, according to Bankrate’s national survey of large lenders. The Federal Reserve raised...
Source: Calculated Risk Blog — I’ve put together my own affordability index – since 1976 – that is similar to the FirstAm approach (more of a house price index adjusted by mortgage rates and the median household income). I used median income from...
Hits and Misses for the Real Estate Week of June 15-19
