For Week Ending October 12, 2024 According to the Mortgage Bankers Association, the median mortgage application payment was $2,057 in August, down from $2,140 in July, marking the fourth consecutive month affordability conditions improved. Mortgage rates are down significantly from … Continue reading →

For Week Ending October 5, 2024 According to the National Association of REALTORS® 2023 Profile of Home Buyers and Sellers, buyers moved a median distance of 20 miles to their new home last year, down from 50 miles the year … Continue reading →

For Week Ending September 28, 2024 The average rate on a 30-year fixed mortgage dropped to 6.08% the week ending September 26, 2024, the lowest level in two years, according to Freddie Mac. Rates have fallen one and a half … Continue reading →

For Week Ending September 21, 2024 Nationally, inventory was up 35.8% year-over-year in August, according to Realtor.com’s latest Monthly Housing Market Trends Report, with active listings now at the highest level since May 2020. As the number of homes for … Continue reading →

For Week Ending September 14, 2024 Mortgage activity surged the week ending September 13, 2024, as falling interest rates boost borrower demand nationwide. The Mortgage Bankers Association reports mortgage loan application volume increased 14.2% on a seasonally adjusted basis from … Continue reading →