Mortgage rates fell further last week but buyers are waiting to see how far they’ll go before jumping into the market. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.77%, down 12 bps from the week prior’s 6.89%. A year ago at this time, the 30-year FRM averaged 6.78%. This is…
By PATRICK LAVERY Speculation about what actions leaders at the Federal Reserve will take at their meeting starting Tuesday has been building for weeks, and opinions over the right course of action are varied. Should they stay the course, steadily raising interest rates to try to continue to curb inflation? Should they be more aggressive?…
Pending home sales fell for the fifth consecutive month in October, with three of the four regions seeing month-over-month declines, according to the National Association of Realtors. The Pending Home Sales Index dropped by 4.6% between September and October. Year-over-year it tanked by 37%. All four regions saw pending sales drop year-over-year. The Midwest, however, experienced…
The value of a typical American home dropped for the second straight month, down 0.3% from July to August in the largest monthly dip since 2011. Zillow’s latest market report found that affordability is directing market declines, with lower-priced homes staying hotly competitive while expensive markets see drastic declines. The U.S. typical home value is…
Dr. Skylar Olsen has returned to Zillow as Chief Economist, the company announced. “I’m honored to return to Zillow as chief economist and help home buyers, sellers, and renters across the country better understand their options and how to best navigate what has become an increasingly trying housing market,” Dr. Olsen said. “I truly revel…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!