Industry News

Mortgage rates fall for the first time in 3 weeks, but demand is still light

Mortgage rates fall for the first time in 3 weeks, but demand is still light

Date: 27 Aug 2021
Posted by: Tom Oslund

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) decreased to 3.03% from 3.06%.

Applications for a loan to purchase a home increased 3% for the week but were 16% lower than the same week one year ago.

Applications to refinance a home loan moved just 1% higher for the week and were 3% higher than the same week one...

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Housing-Market Surge Is Making the Cheapest Homes the Hottest

Housing-Market Surge Is Making the Cheapest Homes the Hottest

Date: 14 May 2021
Posted by: Tom Oslund

The red-hot U.S. housing market is giving an extra boost to the cheapest houses, including many in historically stagnant neighborhoods that have suffered from a lack of investment.

It is pushing forward efforts to revive the local economies of Detroit, Cleveland, Youngstown, Ohio, and other areas where homes can sell for as little as a few thousand dollars but typically require a lot of...

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What Homes Will Be Worth in Your State by the End of 2021

What Homes Will Be Worth in Your State by the End of 2021

Date: 12 Apr 2021
Posted by: Tom Oslund

With so much uncertainty surrounding the housing market, many Americans may be afraid that buying or selling a house is too risky of a move to make. A recession isn’t great news for buyers, especially with the average family unable to afford a home in many parts of the country as it is. Prospective homebuyers are also concerned about their ability to make mortgage payments. But with all of...

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