Buyer activity dropped 37.7 percent with 3,611 pending sales Median sales price of Twin Cities homes rose 4.7 percent to $356,002 30-Year mortgage rates are averaging around 7.0 percent, the highest since 2002 (November 15, 2022) – According to new … Continue reading
For Week Ending November 5, 2022 With the average 30-year fixed-rate mortgage hovering around 7%, interest in adjustable-rate mortgages (ARM) continues to grow, as buyers look to save money any way they can. Freddie Mac reports the rate for a … Continue reading
November 10, 2022 As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed seven percent. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to … Continue reading
For Week Ending October 29, 2022 Seller profits are beginning to ease, as home sales dip and sales prices soften nationwide. According to ATTOM, profit margins on median-priced single-family home and condo sales fell 3% from the second to the … Continue reading
November 3, 2022 Mortgage rates continue to hover around seven percent, as the dynamics of a once-hot housing market have faded considerably. Unsure buyers navigating an unpredictable landscape keeps demand declining while other potential buyers remain sidelined from an affordability … Continue reading
