Average fixed-rate mortgages rose for the second consecutive week and, for the first time since last summer, the 30-year fixed-rate mortgage shot above 4 percent, Freddie Mac reports in its weekly mortgage market survey. “This is the highest weekly average for the 30-year fixed-rate mortgage ... » Learn More about Have We Seen the Last of 3% Mortgage Rates?
DECEMBER 2017 | BY BARBARA BALLINGER The big-picture view on housing trends in 2018 center around integrating technology and creating healthy and connected living environments. That’s why building materials, systems, and products that speak to these concerns are expected to generate ... » Learn More about What’s Hot: Trends in Housing for 2018
Mortgage rates were down across the board this week, lowering borrowing costs for potential home buyers and refinancers. “After holding steady last week, rates dipped slightly this week,” says Sean Becketti, Freddie Mac’s chief economist. “The 10-year Treasury yield fell roughly 7 basis points, ... » Learn More about Mortgage Rates Take Slight Dip This Week
A slower fall season in home buying may help more lingering homebuyers to jump in. Prices are easing somewhat. For the second month in a row, the median price of an existing home dropped. It reached $253,500 in August, after reaching a record high of $263,300 in June, according to the latest data ... » Learn More about Fall May Be Best Time for Homebuyers to Move
FSBOs tend to sell their homes for lower prices than homes sold through traditional agents via the MLS, and in many cases below the average differential represented by the prevailing commission rate, according to a new study by Collateral Analytics. The study examined the price differences ... » Learn More about FSBOs Net ‘Significantly’ Lower Profits