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Pumping the brakes on the local housing market

Pumping the brakes on the local housing market

by Third Party | Nov 9, 2022 | Industry Updates, U.S. Housing Market

Source: Yahoo! News —  Nov. 5—PENDLETON — When the time came to sell her mother’s condominium, Carole Edwards was cautiously optimistic that a buyer would surface quickly. She was also aware, however, that the local housing market — mirroring several...
Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’

Mortgage rates just dipped, and home prices may be ‘reaching the peak’ — but buyers hoping for a free-fall ‘will be disappointed’

by Third Party | Nov 9, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Yahoo! —  After climbing above 7% for the first time in 20 years, U.S. mortgage rates moved back down this week even as the housing market continues to reel from high borrowing costs. Rates also dipped despite the Federal Reserve announcing another hike...
How far will home prices fall? Some say 20% or more is possible

How far will home prices fall? Some say 20% or more is possible

by Third Party | Nov 8, 2022 | News/Current Events, U.S. Housing Market

Source: Bankrate —  As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of...
Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand

Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand

by Third Party | Nov 8, 2022 | Mortgage Information, News/Current Events, U.S. Housing Market

Source: Forbes —  Mortgage rates slipped below 7% this week, but it wasn’t enough to boost housing activity as mortgage applications continued to decline amid the Federal Reserve hiking its benchmark interest rate for the sixth time this year. The average...
What will the Fed do next? Follow the economy, not what Jerome Powell says

What will the Fed do next? Follow the economy, not what Jerome Powell says

by Third Party | Nov 7, 2022 | News/Current Events, Real Estate News, U.S. Housing Market

Source: CNN —  New YorkCNN Business —  The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations about whether the Federal Reserve is going to slow down the pace and size of its interest rate hikes. The Fed...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)

by Third Party | Nov 7, 2022 | Mortgage Information, U.S. Housing Market

Source: The New York Times —  Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a...
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