February 24, 2022 Even with this week’s decline, mortgage rates have increased more than a full percent over the last six months. Overall economic growth remains strong, but rising inflation is already impacting consumer sentiment, which has markedly declined in … Continue reading
For many buyers, 2022 marks a new opportunity to make their home purchase dreams a reality. But it won’t be without its challenges. Inventory of existing homes was at 910,000 at the start of the new year, the lowest level … Continue reading
For Week Ending February 12, 2022 Freddie Mac reports the 30-year fixed-rate mortgage averaged 3.69% the week ending February 10, up 14 basis points from a week earlier and a full point higher than the record low of 2.65% at … Continue reading
Metro-wide Inventory is down 24.2 percent since the start of 2021 Month’s Supply of Inventory (absorption rate) is at a record low, ~ 3 weeks of supply Median Sales Price rose 10.4 percent to $332,250 (February 15, 2022) – According … Continue reading
February 17, 2022 Mortgage rates jumped again due to high inflation and stronger than expected consumer spending. The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have not seen since May 2019. As rates and house prices rise, … Continue reading
