September 7, 2023 For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above seven percent. The economy remains buoyant, which is encouraging for consumers. Though while inflation has decelerated, firmer economic data have put upward pressure on mortgage rates … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 26, 2023 U.S. home equity recently hit a 4-year high, with nearly half of all mortgage borrowers considered equity rich—having a loan to value ratio of 50% or lower—in the second quarter of this year. According … Continue reading
The 30-Year Fixed-Rate Mortgage Decreases
August 31, 2023 Mortgage rates leveled off this week but remain elevated. Despite continued high rates, low inventory is keeping house prices steady. Recent volatility makes it difficult to forecast where rates will go next, but it might be easier … Continue reading
New Listings and Pending Sales
Inventory
Weekly Market Report
For Week Ending August 19, 2023 International buyers of U.S. homes purchased 14.2% fewer homes from April 2022 to March 2023 compared to the same 12-month period a year before, according to the latest data from the National Association of … Continue reading
Mortgage Rates Continue to Surge
August 24, 2023 This week, the 30-year fixed-rate mortgage reached its highest level since 2001 and indications of ongoing economic strength will likely continue to keep upward pressure on rates in the short-term. As rates remain high and supply of … Continue reading
July Monthly Skinny Video
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