January 30, 2024 The 30-year fixed-rate has hovered between 6% and 7% for most of the last two and a half years. That trend continued this week, with the average rate remaining essentially flat at 6.95%. Driven by these higher … Continue reading
BUYER AND SELLER ACTIVITY HIGHER THAN 2023 DESPITE AFFORDABILITY HEADWINDS Buyers overcame triple punch of higher rates, rising prices and tight inventory for slight gain on the year Minneapolis–Saint Paul, Minnesota (January 28, 2025) – Home sales increased in 2024, … Continue reading
For Week Ending January 18, 2025 U.S. home prices increased 4.3% year-over-year in the third quarter of 2024, according to the Federal Housing Finance Agency House Price Index Quarterly Report. Home prices were up in 49 states on an annual … Continue reading
January 23, 2024 After crossing the 7%-mark last week, the 30-year fixed-rate mortgage saw its first decline in six weeks. While affordability challenges remain, this is welcome news for potential homebuyers, as reflected in a corresponding uptick in purchase applications. … Continue reading
