Source: Housing Wire — The Federal Open Market Committee on Wednesday raised the federal funds rate for the first time in four years, marking an end to the easy money that gave rise to the hottest mortgage market in U.S. history. The FOMC, as was predicted,...
Source: ABC — Interest rates are already rising in many countries and are almost certain to rise in Australia sometime this year. But how prepared are heavily indebted households, especially those who just paid top dollar for a home in the past couple of years?...
Source: Jacksonville Daily Record — Adjustable-rate mortgages are back. “Buyers are addicted to the lower interest rates. You can get between a half and a full point for a five- to seven-year ARM,” said John Adams, area manager of loanDepot Jacksonville’s...
Source: Realtor — Buyers have always paid dearly for the privilege of buying a newly built home. From custom countertops to increased energy efficiency, to that oh, so seductive new-home smell, the benefits aren’t tough to discern. Younger buyers these days...
Source: WFAA — DALLAS — The supply of houses in the Dallas area has sunk from bad to worse for buyers, with market inventory decreasing by more than half year over year. The decrease of 53.3% locally in January is more than three times the national average...
Source: USA Today — Consumer borrowing costs are headed higher. Much higher. With the Federal Reserve set to raise its key short-term interest rate by a quarter percentage point Wednesday, Americans will soon see higher rates on everything from credit cards to...
Builders Grow Slightly More Confident in Housing Market
