Top Headlines

Mortgage Rates in the US Restart Climb, Increasing to 5.51%

Mortgage Rates in the US Restart Climb, Increasing to 5.51%

Source: Bloomberg --- Mortgage rates in the US rose, resuming an upward climb that threatens to further cool the housing market.  The average for a 30-year loan jumped to 5.51% from 5.3% last week, Freddie Mac said in a statement Thursday. It’s up from 3.11% at the...

Current State of the Housing Market

Current State of the Housing Market

Source: Calculated Risk --- ...We are seeing a clear slowing in the housing market, with more price reductions, more inventory, and fewer sales. It will take some time to see the impact on house price growth, but that is coming too. Next week, existing home sales will...

Slowdown in Single-Family Permits in May 2022

Slowdown in Single-Family Permits in May 2022

Source: Eye on Housing --- Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2% and...

Should I Buy a Home Right Now?

Should I Buy a Home Right Now?

Source: Keeping Current Matters --- If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you...