Morning Roundup (5/6/2022)– Interest Rates Up, Asking Prices Down

Morning Roundup (5/6/2022)– Interest Rates Up, Asking Prices Down

ByTMN Editor Reading Time: 2 minutes

Good Morning! Today is Friday, May 6. The U.S. provided intelligence that helped Ukraine sink the flagship of Russia’s Black Sea fleet. The FDA further limited the use of Johnson & Johnson’s vaccine. Karine Jean-Pierre will become the first Black woman and first openly gay person to serve as White House press secretary. The Mortgage Note Reports Rates Back…

More Sellers Are Dropping Asking Prices As Monthly Mortgage Payments Rise 42% YOY

More Sellers Are Dropping Asking Prices As Monthly Mortgage Payments Rise 42% YOY

ByTMN Editor Reading Time: 2 minutes

As affordability declines, the hot housing market is starting to see signs of cooling. In April, 15% of home sellers dropped their asking prices, a 5.9% YOY increase, Redfin reported. The increase is a six-month-high and the largest annual gain on Redfin’s record, which dates back to 2015. But buyers still outnumber sellers, so the…

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