Mortgage rates fall to their lowest average in more than a year The 30-year, fixed-rate loan hit 6.19% as of Thursday October 23, 2025 Mortgage rates sank further this week — hitting their lowest average since October 2024. As of Thursday, the 30-year, fixed-rate mortgage averaged 6.19%, according t

Foreclosures are rising again. But don't call it 2008. About 188,000 homes landed in foreclosure in the first half of 2025, ticking up 6% from last year to the highest tally since 2019, according to ATTOM. ⁠ ⁠Illinois and Delaware share the dubious honor of the highest foreclosure rates, while Alask

A Summer Surprise: Labor Market Slump in July 2025 The U.S. job market took an unexpectedly sharp turn in July. Employers added just 73,000 jobs, far below expectations and a steep drop from revised June and May figures (Investors.com, The Washington Post). At the same time, May and June job totals

Zillow’s Climate Risk Labels Under Scrutiny: When Flood Zones Are Mis‑Labeled 🌍 A New Era of Climate Risk Data In fall 2024, Zillow rolled out a “climate risk threat score” on all U.S. for‑sale listings—spanning flood, wildfire, wind, heat, and air quality categories—based on data from First Street

30YR Fixed 6.89% +0.04% 15YR Fixed 6.16% +0.02%   Purchase Demand Near 2 Year Highs; Refis Bounce Back After a Memorial Day-induced lull, mortgage application activity rebounded sharply last week, according to the Mortgage Bankers Association’s (MBA) latest survey. Both purchase and refinance demand

30YR Fixed 6.63% -0.12% 15YR Fixed 6.05% -0.09%   Lowest Mortgage Rates in More Than 5 Months   Yesterday afternoon's tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately lower bond yields. Stocks don't always correlate with bond

On Tuesday, President Donald Trump’s administration imposed new tariffs on imports from Canada and Mexico while increasing existing tariffs on goods from China, a move expected to raise prices for new homes, according to a recent CoreLogic report. That’s largely because tariffs affect essential home

New Jersey Real Estate Market Update: Trends in Long Branch, Monmouth County, and National Construction Insights The real estate landscape is evolving rapidly, and staying informed is essential whether you're a seller, buyer, or investor. In this blog post, we explore the latest market updates for N

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.07% +0.00% 15YR Fixed 6.49% +0.01%   Home Price Appreciation Ran Just Above Expectations in November Both S&P Case-Shiller and the FHFA released national home price indices this morning. In both cases, November's pri

Ryan Skove has shared this article with you.     View  |  Download     30YR Fixed 7.07% -0.04% 15YR Fixed 6.48% -0.03%   Can Trump Actually Force Rates to Move Lower? It turned out to be an intensely boring week for mortgage rates. The average lender stayed right in line with last week until moving

  Ryan Skove has shared this article with you.     View  |  Download       30YR Fixed 7.11% -0.01% 15YR Fixed 6.51% -0.01%   Existing Home Sales Inch Up to Highest Levels Since February It's no mystery that 2024 hasn't been a stellar year for home sales and many other housing metrics. Today's releas

CONSUMER GUIDE: WHY AM I BEING ASKED TO SIGN A WRITTEN BUYER AGREEMENT? If you’re a homebuyer working with an agent who is a REALTOR®, it means you are working with a professional ethically obligated to work in your best interest. As of August 17, 2024, you will be asked to sign a written buyer agre

CONSUMER GUIDE: REALTORS’® DUTY TO PUT CLIENT INTERESTS ABOVE THEIR OWN   A REALTOR® is a special kind of real estate agent: one who follows NAR’s strict Code of Ethics, including the first and primary pledge to protect and promote the interests of their clients. This obligation means that a REALTOR

You have 3 key opportunities if you’re looking to move this fall. Inventory is growing, homebuilders are motivated to sell, and mortgage rates have come down from their recent peak. Let’s connect if you want more information.

30YR Fixed 6.40% -0.22% 15YR Fixed 5.89% -0.26%   Rates Plummet as The Market Buys Into The Big Shift The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023.  The st

Why Markets Can’t Count on Inflation Data for Insight and 5 Other Things to Know Today. Traders are still in the dark about when the Federal Reserve might start cutting interest rates. Even two new inflation data points this week may not provide much more clarity. The producer price index is out Tue

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 improvement in mortgage interest rates. The Index, which meas

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 month was down by 2,000 units or 0.3 percent from the rate in Janua

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.  So does that mean the Fed cut rates?  No...  The Fed kept