Home Prices Are Peaking In A Growing Number Of US Markets

Home Prices Are Peaking In A Growing Number Of US Markets

ByTMN Editor Reading Time: 2 minutes

Home prices have peaked in a growing number of overpriced housing markets as sellers and buyers pull back in the face of rising interest rates and affordability challenges. Researchers at Florida Atlantic University and Florida International University analyzed the 100 most overvalued housing markets by looking at their premiums, the percentage above the long-term pricing…

Rates Fall Half A Point From Last Week As Recession Fears Rise

Rates Fall Half A Point From Last Week As Recession Fears Rise

ByTMN Editor Reading Time: 2 minutes

Mortgage rates tanked last week, dropping from an average 5.70% to 5.30%, Freddie Mac reported Thursday. Freddie’s Primary Mortgage Market Survey (PMMS) found that the 30-year fixed-rate mortgage (FRM) averaged 5.30%. A year ago at this time, the 30-year FRM averaged 2.90%. “Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent,…

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