April 21, 2022 Mortgage rates increased for the seventh consecutive week, as Treasury yields continued to rise. While springtime is typically the busiest homebuying season, the upswing in rates has caused some volatility in demand. It continues to be a … Continue reading
For Week Ending April 9, 2022 Rising mortgage interest rates are taking a toll on borrowers, having increased more than 1.5 points since the beginning of the year, the fastest three-month rate increase since 1994, according to Freddie Mac. The … Continue reading
Supply is down during the worst inventory shortage in decades Median Sales Price reaches a record $353,000 Median days on market is up marginally compared to the frenzy of 2021 (April 15, 2022) – According to new data from Minneapolis … Continue reading
April 14, 2022 This week, mortgage rates averaged five percent for the first time in over a decade. As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the … Continue reading
