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Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

by Phil Hall | Jan 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates held steady in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, up slightly from last week when it averaged 6.61%. A year ago at this time, it averaged 6.48%....
Zillow’s Hottest Housing Market for 2024 Is…

Zillow’s Hottest Housing Market for 2024 Is…

by Phil Hall | Jan 4, 2024 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Zillow Group (NASDAQ:Z, ZG) has released its rankings of the hottest housing markets for 2024, with the lower-cost markets of the Great Lakes, Midwest and South the list. In a study of the nation’s 50 most populous metros, Zillow chose Buffalo, New York as the year’s...
Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

Homebuyers’ Monthly Payments at Lowest Level in Nearly a Year

by Phil Hall | Jan 4, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The median U.S. mortgage payment during the four weeks ending Dec. 31 was $2,361, according to data from Redfin (NASDAQ:RDFN). This represents a $372 decline (-14%) from October’s all-time high to the lowest level in nearly a year. As payment levels decline, buyer...
Level of Homebuyer Relocation at 18-Month Low

Level of Homebuyer Relocation at 18-Month Low

by Phil Hall | Dec 29, 2023 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The share of homebuyers looking to move to a different metro area declined for the third straight month in November, according to new data from Redfin (NASDAQ:RDFN). The 23.9% share recorded last month is down from 24.1% one year ago, which is both the lowest share in...
Mortgage Rates End 2023 in a Downward Spiral

Mortgage Rates End 2023 in a Downward Spiral

by Phil Hall | Dec 28, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The final Primary Mortgage Market Survey published in 2023 by Freddie Mac (OTCQB: FMCC) showed mortgage rates ringing out the year in a continued descent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, down from last week when it averaged 6.67%. A year...
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