Source: Fox Business — Mortgage rates surged at the start of 2022 to the highest level in nearly two years as markets reacted to the news that the Federal Reserve is considering raising rates soon, according to the latest data from Freddie Mac. The 30-year...
Source: Scotsman Guide — Will an influx of new inventory push home sales in 2022, or will falling affordability push buyers to the sidelines and dampen activity? A new Zillow poll has revealed that economists and housing industry observers are split on where...
Source: Housing Wire — Mortgage applications climbed 1.4% for the week ending Jan. 7, 2022, according to a survey published by the Mortgage Bankers Association this week. The growth was buoyed by a 2% increase in the trade group’s seasonally adjusted purchase...
Source: CNBC — Mortgage rates have moved to their highest level in more than a year, and that may have potential homebuyers nervous that their affordability window is closing faster than expected. Home prices are still gaining, and winter is historically the...
Source: The Mortgage Reports — As home prices keep climbing, many would-be buyers are looking outside their current ZIP codes for affordable housing. The good news is, home prices aren’t rising at the same pace everywhere. If you’re looking for affordable homes...
Source: Housing Wire — Mortgage delinquency rates hit pre-pandemic levels in October due to labor market improvements and home equity increases, according to the most recent CoreLogic Loan Performance Report. The expectation is that rates will continue to...
Hits and Misses for the Real Estate Week of June 8-12
