Instant Reaction: Mortgage Rates, December 7, 2023
Instant Reaction: Mortgage Rates, December 7, 2023
The mortgage market continues to improve for home buyers. The 30-year fixed mortgage interest rate hit an average of 7.03% this week.
October 2023 Pending Sales Fall to Lowest since April 2020
Pending Sales Fall to Lowest since April 2020
In October 2023, the pending home sales pace declined 1.5% from the previous month and fell 8.5% year-over-year.
Instant Reaction: Mortgage Rates, November 30, 2023
Instant Reaction: Mortgage Rates, November 30, 2023
Mortgage interest rates fell to 7.22% from 7.29% last week; the drop from the October peak of 7.79% translates into significant mortgage savings.
October 2023 Existing-Home Sales Fall to Lowest in 13 Years
Oct. 2023 Existing-Home Sales Fall; Lowest in 13 Years
NAR released a summary of existing-home sales data showing that housing market activity this October declined 4.1% from September 2023.
Instant Reaction: Mortgage Rates, November 16, 2023
Instant Reaction: Mortgage Rates, November 16, 2023
The three-week drop in mortgage rates is a steady sign that they have likely hit a peak and are headed down.
Instant Reaction: Inflation, November 14, 2023
Instant Reaction: Inflation, November 14, 2023
Inflation is calming, mortgage rates are plunging, and the interest rate rises should be over.
Top 9 Takeaways from NAR's 2023 Profile of Home Buyers and Sellers
Takeaways from the Profile of Home Buyers and Sellers
Let's take a look at some of the most interesting findings from the 2023 Profile of Home Buyers and Sellers.
Single-Family Home Prices Had Price Gains in 82.4% of 221 Metro Areas in 2023 Q3
Q3 2023 Home Price Gains in 82% of 221 Metro Areas
National median home prices rose by 1.1% compared to the previous quarter and 2.2% year over year to $406,900.
Instant Reaction: Mortgage Rates, November 9, 2023
Instant Reaction: Mortgage Rates, November 9, 2023
The 30-year fixed mortgage interest rate dipped lower to 7.5%, falling one-quarter of a percent and hitting the lowest point in a month.
Instant Reaction: Jobs, November 3, 2023
Instant Reaction: Jobs, November 3, 2023
The latest monthly job gains of 150,000 in October are one of the weakest in the past three years; unemployment rose to 3.9%, near a two-year high.