30YR Fixed 6.07% -0.08% 15YR Fixed 5.25% -0.12%   Lowest Rates in 4 Months After Inflation Data Today brought the scheduled monthly release of the Consumer Price Index (CPI).  Of all the monthly economic reports, this one has had th

30YR Fixed 6.07% -0.08% 15YR Fixed 5.25% -0.12%   Refinance Volume Reflects Lower Rates Overall mortgage application activity returned to pre-holiday levels during the first week of the new year. Lower interest rates bolstered refin

Today’s Housing Market Is Nothing Like 15 Years Ago There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housi

With recession worries growing, power may shift back to employers and threaten perks gained during the pandemic.  If the US job market continues to weaken next year, companies will be emboldened and may pull back on letting employees work remotely. Executives generally fall into two camps on workin

30YR Fixed 6.32% +0.04% 15YR Fixed 5.57% +0.02%   "No One" Buying or Selling Existing Homes "No one" is a relative term when it comes to economic data.  There are actually about 4 million people per year buying existing homes b

30YR Fixed 6.38% +0.11% 15YR Fixed 5.54% +0.02%   Building Permits Fall Well Below Housing Starts For First Time in Over 2 Years Housing Starts, the jargon word used to refer to the inception of new residential construction, ha

If you’re a homeowner, your net worth got a big boost over the past few years thanks to rapidly rising home prices. Here’s how it happened and what it means for you, even as the market moderates. Equity is the current value of your home minus what you owe on the loan. Because there was a significa

Mortgage Rates Are Dropping. What Does That Mean for You? Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia E

30YR Fixed 6.17% +0.04% 15YR Fixed 5.48% +0.03%   Best Winning Streak For Rates in 2 Years It was a critical week for financial markets and especially for rates as investors digested the latest inflation data and the Fed's smal

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less compe

30YR Fixed 6.34% +0.05% 15YR Fixed 5.78% +0.03%   Rates Dream of Green Christmas With Help From The Fed As far as financial markets are concerned, a green Christmas is better than anything Bing Crosby could have crooned about.

  30YR Fixed 6.29% -0.34%   15YR Fixed 5.75% -0.23%   Mortgage Rates Drop Sharply, Hitting Lowest Levels Since Mid-September Mortgage rates had been in a holding pattern for nearly 3 weeks following the November 10th CPI inflation

30YR Fixed 6.29% -0.34% 15YR Fixed 5.75% -0.23%   $726,200 is The New Loan Limit for 2023; High Cost Counties Now Over $1m If you're just here for the conforming loan limit news, $726,200 is the number for 2023.   Does this mea

With the rapid shift that’s happened in the housing market this year, some people are raising concerns that we’re destined for a repeat of the crash we saw in 2008. But in truth, there are many key differences between what’s happening today and the bubble in the early 2000s. One of the reasons thi

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If you’re a homeowner, odds are your equity has grown significantly over the last few years as home prices skyrocketed and you made your monthly mortgage payments. Home equity builds over time and can help you achieve certain goals. According to the latest Equity Insights Report from CoreLogic, th

⇒ If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are m

If you’re thinking about selling your house, you’re likely hearing about the cooling housing market and wondering what that means for you. While it's not the peak intensity we saw during the pandemic, we’re still in a sellers’ market. That means you haven’t missed your window. Realtor.com explains:

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely

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