30YR Fixed 6.91% +0.00% 15YR Fixed 6.47% +0.00%   Little Change in Mortgage Application Volume, Despite Lower Rates The Mortgage Bankers Association said its Market Composite Index moved lower last week, apparently indifferent to a slight im

30YR Fixed 6.91% +0.00% 15YR Fixed 6.47% +0.00%   New Home Sales Decline Slightly, Prices Too Sales of newly constructed homes were virtually unchanged in February. The 662,000 seasonally adjusted annual units recorded in during the

Hey there, Sellers! Let's dive into some key real estate metrics that can help you better understand the current market trends and how they can impact your selling experience.   First up, we have the Months Supply of Inventory, which sits at a low 2.01. This indicates that there is a relatively lo

30YR Fixed 6.63% +0.02% 15YR Fixed 5.96% +0.01%   Pending Home Sales Stayed Sideways Near Record Lows The National Association of Realtors (NAR) releases two widely followed home sales reports.  Existing Home Sales measure transactions of ho

30YR Fixed 6.62% -0.20% 15YR Fixed 6.15% -0.14%   Rates Plummet to Lowest Levels Since May, 2023 After Fed Announcement Today brought the scheduled Fed policy announcement that we've been waiting for and mortgage rates plummeted as a result

30YR Fixed 7.51% -0.18% 15YR Fixed 7.05% -0.05%   From 8% to Under 7.5%, Mortgage Rates Had a Near-Record Week The average top tier 30yr fixed mortgage rate was over 8% as recently as October 19th.  At the start of the present week, things w

30YR Fixed 7.33% +0.03% 15YR Fixed 6.65% +0.01%   Mixed Results for August Construction Results of the August Residential Construction report from the U.S. Census Bureau and the Department of Housing and Urban Development were decidedly mix

Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you

Expert Home Price Forecasts Revised Up for 2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in

Where Are People Moving Today and Why? Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy

Home prices continue to climb with ‘striking’ regional differences, says S&P Case-Shiller Prices nationally rose 0.7% month to month, seasonally adjusted. The index’s 10-city composite fell 1%, year over year, slightly less than the 1.1% decrease in the previous month. The 20-city composite d

Don’t Fall for the Next Shocking Headlines About Home Prices If you’re thinking of buying or selling a home, one of the biggest questions you have right now is probably: what’s happening with home prices? And it’s no surprise you don’t have the clarity you need on that topic. Part of the issue is h

30YR Fixed 6.98% -0.02% 15YR Fixed 6.35% -0.02%   Slow Housing Market's Questionable Excuse (And a Much Better Alternative) Inventory! That's been a buzzword for the housing market for more than a decade, but it's been especially pr

30YR Fixed 6.88% -0.02% 15YR Fixed 6.30% -0.01%   Rent Increases Return to Pre-Covid Levels Increases in single-family rents soared in the post-pandemic environment but have now moderated to the annual levels in the pre-pandemic yea

Explaining Today’s Mortgage Rates If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.   But, the

30YR Fixed 6.96% -0.13% 15YR Fixed 6.38% -0.04%   Home Prices Hit New Peaks Despite Affordability Issues   The Black Knight Mortgage Monitor for May doesn’t even hint at a housing crisis on the horizon. Affordability is again (or ma

30YR Fixed 7.14% -0.08% 15YR Fixed 6.50% -0.15%   Mortgage Rates Back Over 7% as Markets Digest Economic Data Until a few weeks ago, it looked like we might have seen the last of 7% mortgage rates, but the last 2 weeks have been brutal. The

Today’s Housing Inventory Is a Sweet Spot for Sellers One of the biggest challenges in the housing market right now is how few homes there are for sale compared to the number of people who want to buy them. To help emphasize just how limited housing inventory still is, let’s take a look at the late

30YR Fixed 7.02% -0.02% 15YR Fixed 6.42% -0.03%   Mortgage Rates Jumped Over 7% This Week, Even if You Heard They Were 6.71% Mortgage rates have been hovering in the high 6's for weeks, but they broke above 7% on Thursday. At the sa

30YR Fixed 6.91% -0.01% 15YR Fixed 6.32% +0.00%   April Home Prices Bolster Case for Recovery Both the S&P CoreLogic Case-Shiller U.S. National Home Price Index and the Federal Housing Finance Agency’s (FHFA’s) Home Price Index (HPI