Two new data reports are highlighting mild increases in home prices during October. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.4% annual gain for October, up from a 1.3% rise in the previous month. The 10-City Composite showed an...
The typical household needs seven years to save for the average down payment, according to a new data report from Realtor.com. This is down from the peak of 16 years recorded in April 2022, although it remains well above the pre-pandemic level. In many expensive...
Pending home sales were up by 3.3% in November from the prior month and up by 2.6% from one year earlier, according to the National Association of Realtors (NAR). On a regional measurement, pending home sales were up month-over-month and year-over-year in the...
Freddie Mac (OTCQB: FMCC) reported new mortgage rate declines in the Christmas Eve edition of its Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. A year ago at this time, it...
Ahead of the Christmas holiday break, fewer prospective homebuyers were filling out mortgage applications, according to from the Mortgage Bankers Association (MBA) for the week ending Dec. 19. The Market Composite Index, the MBA’s measure of mortgage loan application...