Daily Rate Update: November 22nd-26th

Wednesday – November 24, 2021 Sales of new single‐family houses rose 0.4% in October from September to an annual rate of 745,000, reports the U.S. Census Bureau. However, sales plunged 23.1% from October’s 2020 estimate of 969,000. The median sales … Read More

Daily Rate Update: November 15th-19th

Thursday – November 18, 2021 Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose three basis points to 3.01% with 0.7 in points and fees. The record … Read More

Property Investors Are Buying Up Big

The number of real estate investors purchasing homes across the U.S. continues to increase as prices rise and inventories remain low. Redfin reports that real estate investors bought a record 18% of the U.S. homes that sold in Q3 2021, … Read More

Daily Rate Update: November 8th-12th

Wednesday – November 10, 2021 Home borrowing costs fell this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage declined 11 basis points to 3.28% with 0.7 in points and fees. The record low … Read More

HousingWire: Mortgage rates drop below 3% yet again

Mortgage rates fell below 3% in the week ending November 10, according to the latest Freddie Mac PMMS mortgage report. The 30-year fixed-rate mortgage declined to 2.98% last week, falling 11 basis points from 3.09% the week prior. A year ago at this … Read More

Daily Rate Update: November 1st-5th

Thursday – November 4, 2021 Home borrowing costs fell this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage declined five basis points to 3.09% with 0.7 in points and fees. The record low … Read More

It’s Just The Facts: October 2021

GET ME OUT – 3 out of 4 American adults surveyed (74%) say they would sell out of the US stock market if equities suffered a “moderate or big decline.”  3,000 adults were surveyed in late summer 2021 (source: Vise). … Read More

Daily Rate Update: October 25th-29th

Thursday – October 28, 2021 Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose five basis points to 3.14% with 0.7 in points and fees. The record … Read More

HousingWire: FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 to keep the mortgage industry afloat amid lockdowns and social distancing, will become permanent, the Federal Housing Finance Agency said today. Sandra Thompson, acting director of the FHFA, said both Fannie Mae and … Read More

Daily Rate Update: October 18th-22nd

Thursday – October 21, 2021 Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose four basis points to 3.09% with 0.7 in points and fees. The record … Read More

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