The late-summer housing market is giving buyers something they have spent much of the past several years waiting for: leverage. Whether enough buyers can afford to use it is another question. New listings rose 0.4% from the previous week during the four weeks ending...
Federal Reserve Chairman Kevin Warsh delivered a difficult message for the housing industry Friday: The Fed sees the strain in housing, but that weakness is not enough to shift its attention away from inflation. Speaking at the Federal Reserve Bank of Kansas City’s...
Mortgage rates registered a scant increase in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of Aug. 27, inching up from last week when it averaged 6.65%. A year ago at this time, it...
I keep hearing some version of the same conversation in housing. When the Fed finally gets rates down, buyers will come back. Mortgage rates will improve. Transactions will pick up. Maybe we can finally get this market moving again. I understand why people think that...
Mortgage rates declined for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. A year ago at...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
