October 6, 2022 Mortgage rates decreased slightly this week due to ongoing economic uncertainty. However, rates remain quite high compared to just one year ago, meaning housing continues to be more expensive for potential homebuyers. Information provided by Freddie Mac.
For Week Ending September 24, 2022 Lumber prices plunged to their lowest level in more than two years following the Federal Reserve’s 75-basis-point rate hike last week, as soaring mortgage interest rates and the slowdown in the US housing market … Continue reading
September 29, 2022 The uncertainty and volatility in financial markets is heavily impacting mortgage rates. Our survey indicates that the range of weekly rate quotes for the 30-year fixed-rate mortgage has more than doubled over the last year. This means … Continue reading
For Week Ending September 17, 2022 Mortgage rates topped 6% the week ending 9/15, as hotter-than-expected inflation helped push rates to their highest level since 2008 amid growing recession concerns. According to Freddie Mac, mortgage rates are now double what … Continue reading
Median sales price was up just 5.6 percent to $369,750, the smallest gain since June 2020 Buyer activity pulled back as pending sales fell 23.8 percent Homes took 26 days to sell, 18.2 percent longer than the 22 days last … Continue reading
