Articles by tag: mortgage rates
In the fluctuating landscape of the current unpredictable housing market, potential homebuyers are navigating high mortgage rates, volatile economic conditions, housing changes and a tightening inventory. Home prices have shown a slight decline with the median existing-home sales price dropping 0.9% to $375,700 in March compared to a year ago. It’s the second month…
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U.S. Home Prices Take a Dip. Is the Beginning of a Year-Long Tumble?
Analysts everywhere are raising the red flag: the U.S. home market is set for a tumble, and U.S. home prices are the next domino to fall. A reset for the market shouldn’t come as a surprise to industry professionals. The U.S. home market has been on the decline for months now as high interest rates…
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As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Editor’s Note: This report was initially conducted after July 14’s Freddie Mac weekly average mortgage rates were released. Though the video focuses on those specific averages, the article has been expanded upon to add context from the last several weeks of mortgage rate fluctuation. Freddie Mac’s weekly averages since July 14 have been volatile, with…