June 23, 2022 Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year. The combination of rising rates and high home prices is the likely driver of recent declines in existing home … Continue reading
For Week Ending June 11, 2022 To help fight rising inflation, which hit 8.6% as of last measure, the Federal Reserve raised interest rates by three quarters of a percentage point, the largest interest rate hike in 28 years. The … Continue reading
June 16, 2022 Mortgage rates surged as the 30-year fixed-rate mortgage moved up more than half a percentage point, marking the largest one-week increase in our survey since 1987. These higher rates are the result of a shift in expectations … Continue reading
There were 6,766 homes on the market at the end of May, 5.3 percent more than May 2021 Median Sales Price reached a record $375,000, up 9.0 percent from last May Pending Sales were down 11.8 percent from last year’s … Continue reading