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MBA: Mortgage Applications Up 3.7%
The seasonally adjusted Purchase Index increased 5%. Continue Reading MBA: Mortgage Applications Up 3.7%
Is A New Housing Bubble Being Formed?
“Plainly put, a generational housing bubble is on the horizon,” the authors said in Kelley Real Estate Outlook. Continue Reading Is A New Housing Bubble Being Formed?
Additional Reading: Top Real Estate Industry News & Headlines
Below, find popular recent real estate articles from top industry sources.
Local homes sales drop as mortgage rates rise
Source: WWNYTV 7 News --- WATERTOWN, New York (WWNY) - Mortgage rates are right around 7 percent for a 30-year fixed rate. Nationally, rates are at their highest since 2006 and they’ve nearly doubled since last year. So, what is this doing to the local housing market?...
Should You Pay Points to Get a Lower Mortgage Rate?
Source: Yahoo! Finance --- With mortgage rates near 20-year highs, some homebuyers are struggling to afford homes. The average rate for a 30-year fixed mortgage was 6.95% in November’s first week, dipping from a 7.08% peak a week earlier, according to Freddie Mac...
Fed sees risk of big declines in still-lofty US house prices
Source: The Business Times --- THE Federal Reserve suggested on Friday (Nov 4) that lofty home prices could be susceptible to steep declines after big run-ups in recent years on the back of ultra-low interest rates. “With valuations at high levels, house prices could...
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