March 24, 2022 This week, the 30-year fixed-rate mortgage increased by more than a quarter of a percent as mortgage rates across all loan types continued to move up. Rising inflation, escalating geopolitical uncertainty and the Federal Reserve’s actions are … Continue reading
For Week Ending March 12, 2022 Following a brief decline recently, mortgage interest rates are on the rise again, as the average 30-year fixed-rate mortgage jumped to 4.27% for the week ending March 11, the highest level since May 2019, … Continue reading
March 17, 2022 The 30-year fixed-rate mortgage exceeded four percent for the first time since May of 2019. The Federal Reserve raising short-term rates and signaling further increases means mortgage rates should continue to rise over the course of the … Continue reading
Twin Cities saw 3,809 signed purchase agreements, down 10.5 percent from February 2021 but above 2019 levels The number of homes for sale at month-end fell 19.0 percent from last year Median Sales Price rose 8.3 percent to $340,000 (March … Continue reading
For Week Ending March 5, 2022 The U.S. median listing price rose 12.9% year-over-year to a new high of $392,000 in February, exceeding the previous peak set in July 2021, according to Realtor.com’s Monthly Housing Trends Report. Despite rising sales … Continue reading
