Subscribe to Email News Updates
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Source: CNBC --- Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower. The average rate on the popular 30-year fixed mortgage fell to 5.22% on Thursday from 5.54% on Wednesday, when the Fed announced its latest rate...
Housing Market Update: Uptick in Searches and Tours Highlight Buyers’ Mortgage-Rate Sensitivity
Source: Redfin --- Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized. A half-point drop in mortgage rates from their June high is drawing some homebuyers back...
California Home Sales Slide 20 Percent Annually in June
Source: World Property Journal --- According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022. California's June home sales pace was down 8.4...
Latest mortgage news: Rates retreat, might have already hit ‘cyclical high’
Source: Bankrate --- The Federal Reserve on Wednesday moved aggressively to rein in inflation, announcing its second consecutive rate hike of three-quarters of a percentage point. Counterintuitively, the average rate on 30-year mortgages fell to 5.59 percent this week...
A Real Estate Professional Helps You Separate Fact from Fiction
Source: Keeping Current Matters --- If you’re following the news, chances are you’ve seen or heard some headlines about the housing market that don’t give the full picture. The real estate market is shifting, and when that happens, it can be hard to separate fact from...
The nation’s housing market is on a correction course
Source: Housing Wire --- Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experienced over the past year, according to the recently released Federal Reserve Beige...
Recent Posts
FHFA’s Pulte to Relinquish Intelligence Chief Role on Aug. 3- Hits and Misses for the Real Estate Week of July 27-31
- The World’s First Motel (or What’s Left of It) is Listed for Sa…
- CMBS Delinquency Rate Soars by 51 Basis Points to 7.86%
- Senate Democrats Question Why FHFA’s Pulte is Still Working as Intell…
