Daily Rate Update: May 16th-20th

Wednesday – May 18, 2022 April Housing Starts fell 0.2% from March to an annual rate of 1.724 million units versus 1.765 million expected. Starts were up 14.6% from a year ago. Building Permits dropped 3.2% to 1.819 million versus … Read More

Equity Rich: Homeowners should be feeling good

Home prices are soaring. Bidding wars. Rising interest rates. Those are the negatives we are been hearing over and over again. But today, let’s talk about the good news in real estate. Over 45% of homeowners are considered “equity rich”. … Read More

Daily Rate Update: May 9th-13th

Thursday – May 12, 2022 Home borrowing costs inched higher last week and are up big from a year ago. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.30% this week from 5.27% last week with an average … Read More

Home Prices Still Have Room To Rise

Price shock is nothing new in the real estate market within the last two years. Home prices nationwide rose a record 20.9% from March 2021 to March 2022. Monthly, prices rose 3.3% from February to March. Looking ahead, home prices … Read More

Daily Rate Update: May 2nd-6th

Wednesday – May 4, 2022  Mortgage rates finally paused last week from their torrid run higher since the beginning of the year. The 30-year fixed-rate mortgage rose was unchanged at 5.36% with 0.63 points for the week ended April 29, … Read More

Acclimating to Higher Rates

What is going to happen to mortgage rates in the next few years? That is a question on everyone’s mind, especially those who are looking to buy a home right now. Mortgage rates have doubled since their low point. Today, … Read More

Daily Rate Update: April 25th-29th

Thursday – April 28, 2022 Home borrowing costs took a breather from their torrid pace higher inching lower this week. Freddie Mac reports that the 30-year fixed-rate mortgage slipped to 5.10% this week from 5.11% last week with an average … Read More

It’s Just The Facts: April 2022

BEHIND THE AVERAGE – The S&P 500 was up +15.6% (total return) over the 1-year ending 3/31/2022, an average monthly gain of +1.22% (total return).  However the index actually fell in 4 of the last 12 months, postings monthly results … Read More

Daily Rate Update: April 18th-22nd

Thursday – April 21, 2022 Home borrowing costs rose this week as they continue their trek higher. Freddie Mac reports that the 30-year fixed-rate mortgage rose to 5.11% this week from 5% last week with an average 0.8 in points … Read More

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