Home sales in Wisconsin during May were up by 11% year-over-year, according to new data from the Wisconsin Realtors Association (WRA). Last month, Wisconsin recorded 6,566 home sales, compared to 5,917 sales in May 2023. Wisconsin buyers had a greater selection of...
The fintech Knock.com has partnered with NFM Lending to integrate the Knock Bridge Loan into the mortgage lender’s prequalification process. The Knock Bridge Loan can be used to make a down payment on a new home, pay down debt, cover repairs and moving costs....
Mortgage rates continued to slide in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.87% as of June 20, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.67%....
Pennsylvania’s median home sales price reached $295,000 last month, according to data from the Pennsylvania Association of Realtors (PAR). This marks a 5% increase from the $280,000 sales price in April and an 8.2% upswing from $273,000 in May 2023. “Home sales...
A home buyer making the median income will need to put down nearly $127,750, or 35.4%, to afford a typical U.S. home valued at about $360,000, according to a data analysis from Zillow (NASDAQ:Z, ZG). In some markets, the costs are more burdensome. For example, a...
Mortgage application activity inched up last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was up by 0.9% on a seasonally adjusted basis week-over-week, while the...
Hits and Misses for the Real Estate Week of April 27-May 1
