Buying A Home in 2022? Do It Now

We have been talking for weeks about how mortgage rates are rising. This week they hold steady at an average 30-year fixed rate of 4.06%. And with that, mortgage applications are down. Within the data it showed that the Market … Read More

Daily Rate Update: February 14th-18th

Friday – February 18, 2022 Sales of existing homes saw a solid increase in January after declines were seen in December. Total Existing Home Sales rose 6.7% from December to January to an annualized rate of 6.50 million units and … Read More

Is This The “Worst Time To Buy a Home?

Homebuyers are saying this is the “worst time to buy a home”. This sentiment is echoed in new numbers released by Fannie Mae. Fannie Mae’s Home Purchase Sentiment Index for January shows that housing sentiment drifted lower falling 2.4 points … Read More

Daily Rate Update: January 31st-February 4th

Thursday – February 3, 2022 After four weeks of increases, mortgage rates are unchanged this week and hover to near levels seen in late March of 2020, though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage … Read More

It’s Just The Facts: January 2022

SELLING HOMES – The sale of existing homes nationwide peaked at 7.1 million in 2005, then fell for the next 3 years before bottoming at 4.1 million in 2008 but has climbed back to 6.1 million sales in 2021 (source: … Read More

Daily Rate Update: January 24th-28th

Wednesday – January 26, 2022 Sales of new single-family homes rose in December from November on the notion that with higher rates forecasted in 2022, potential homebuyers were out ahead of the possible increase in borrowing costs. New Home Sales … Read More

History of Mortgage Rates: 1953-2022

Mortgage rates continue to increase at the start of this year. Historically, we are still in a very good spot for major savings on a mortgage. See the charted history of the average fixed-rate mortgage over the last 69 years. … Read More

Daily Rate Update: January 17th-21st

Thursday – January 19, 2022 Low inventories continue to be thorn in the side of potential home buyers across the nation, while mortgage rates continue to increase. December Existing Home Sales fell 4.6% from November to an annual rate of … Read More

Mortgage Rates Jump Back to Early 2020 Levels

Mortgage rates are now back to levels we saw back in April of 2020. The average rate on the popular 30-year fixed mortgage hit 3.7% Tuesday morning, according to Mortgage News Daily. That is the highest since early April 2020 … Read More

Daily Rate Update: January 10th-14th

Thursday – January 13, 2022 Home borrowing costs rose to near levels seen in late March of 2020 (3.50%) this week though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 23 basis points to 3.45% … Read More

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