30YR Fixed 6.70% -0.05% 15YR Fixed 6.12% -0.05%   Mortgage Application Volume Inches Higher as Rates Find Their Footing A second week of declining interest rates prompted another increase in mortgage activity last week, the third in as many

  February contract closings surged 14.5% to 4.58 million rate Annual decline in median sales price was first since 2012 US sales of previously owned homes rose in February by the most since mid-2020, snapping a record year-long slide tied to rising interest rates and affordabi

  YouTube TV is raising prices for the first time in three years. Effective Thursday, the streaming service will charge $72.99 instead of $64.99 per month for new subscribers. Existing subscribers will see the increase beginning with the first bill on or after April 18. The 12% hike is

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes

30YR Fixed 6.54% -0.01% 15YR Fixed 5.98% -0.02%   Construction Stats Improve, Multifamily Plays Leading Role It didn’t approach the levels of the “good old days” of 2020 and 2021, but construction activity did show signs of life las

  Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:  “While the number of homes for sale is in

30YR Fixed 6.75% +0.18% 15YR Fixed 6.22% +0.22%   Harder for Borrowers to Secure a Loan in February, Credit Availability Hits Multi-Year Lows Mortgage credit availability fell to just short of its 2012 benchmark level in February. The Mortga

One of the benefits of being a homeowner is that you build equity over time. By selling your house, that equity can be used toward purchasing your next home. But before you can put it to use, you should understand exactly what equity is and how it grows. Bankrate explains it like this: “Home equi

30YR Fixed 7.00% -0.05% 15YR Fixed 6.45% -0.05%   Mortgage Application Volume Up Slightly, Despite Higher Rates Mortgage applications activity increased for the first time in three weeks during the period ending March 3, despite

Are you planning to buy a home this spring? Though things are more balanced than they were at the height of the pandemic, it’s still a sellers’ market. So, when you find the home you want to buy, remember these four tips to make your best offer. 1.Lean on a Real Estate Professional Rely on an agen

A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind. 1. Houses That Are Priced Right Are Still Selling Houses that are u

30YR Fixed 6.99% +0.02% 15YR Fixed 6.45% +0.02%   More Charts, Fewer Words (Recapping This Month's Mortgage Monitor From Black Knight) Black Knight releases a robust collection of mortgage/housing info each month via its Mortgage Mo

  Home sellers across the US realised a profit of $112,000 on the typical sale in 2022, up 21% from $92,500 in 2021 and up 78% from $63,000 two years ago, according to a new report from ATTOM. ATTOM’s Year-End 2022 U.S. Home Sales Report found that despite a market slowdown in the second half of la

You may have seen reports in the news recently saying it’s better to rent right now than it is to own your home. But before you let that impact your decisions, you should understand what these claims are based on. A lot of the time, these reports are assuming things that aren’t realistic for the a

Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Rece

30YR Fixed 6.97% -0.13% 15YR Fixed 6.43% -0.07%   Home Prices Continued Moderate Pace of Correction in December FHFA and S&P Case Shiller each released their monthly home price indices (HPIs) for December this morning.  These are th

After steadily falling over the winter, mortgage rates have started to rise in recent weeks. This is concerning to some potential homebuyers as the combination of higher mortgage rates and higher prices have made homes less affordable. So, if you’re planning to purchase a home this year, you too m

30YR Fixed 6.80% +0.02% 15YR Fixed 5.95% +0.01%   New Construction Numbers Would Look Way Worse Without Multifamily It seems that most of the stories I write on home sales and construction numbers begin with a slightly different iteration o

30YR Fixed 6.75% +0.13% 15YR Fixed 5.95% +0.09%   Builder Confidence at Best Levels in Ten Years The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shot higher in February, achieving a second mon

If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. The Number of Newly Built Homes Is on the Rise While there are more houses for sa