A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage interest rates fell for the third straight week, while mortgage demand also rose again. Total application volume increased 7% last week compared with the previous week, according
Econ & Housing
Looking for the most up-to-date mortgage rates to empower your purchasing or refinancing decisions? We’ve got you covered. Here, you can view today’s mortgage interest rates, updated daily according to data from Bankrate, so you can have the most current data when purchasing or refinancing your home. 30-year fixed rate mortgages The average mortgage interest
RIDGELAND, Miss. (WLBT) – In just a year, the housing market has changed. Low interest rates, high inventory and major bidding wars are gone. Those helping buyers make the investment are learning what’s ahead for those seeking that forever home. If you’re in the market to buy a house, experts say the climate is a
It’s been a wild ride for hopeful homebuyers over the last couple of years. The frenetic pace of the pandemic-fueled housing market placed upward pressure on prices. Low inventory and a large buyer pool gave sellers the upper hand, creating competition that saw a lot of buyers shut of out deals. And rapid, successive mortgage
Closing out 2022’s housing market potential data, the year ended on a two-month upswing, increasing 3% over November. Despite this increase, housing market potential remained down 17% compared with year-end data from December 2021. This news comes by way of Mark Fleming, the Chief Economist for First American Financial Corporation and Leader of the Decision
ROCHESTER, N.Y. — Realtors and home buyers have been facing the undeniable challenges of the housing market. The National Association of Realtors reports home prices are up almost 40% since the beginning of the pandemic. “Everyone was just trying to survive at that point,” James Reyes said. “We can see that inventory has been dropping
Mortgage rates varied widely over the last seven days, but an important rate inched upward. Average 15-year fixed mortgage rates were static, while average 30-year fixed mortgage rates are a little higher. We also saw a slight contraction in the average rate of 5/1 adjustable-rate mortgages. Mortgage rates increased dramatically in 2022, as the Federal
