US housing starts reach highest level in over a decade

Residential housing starts rose 5 percent in May, the highest rate since June 2007, according to Bloomberg.

Freddie Mac will offer job search assistance to rural homeowners

The initiative is targeted toward homeowners who already have Freddie Mac Home Possible mortgages, a category of mortgages with 3 percent to 5 percent down for homeowners with low income or in underserved communities.

2019 to Bring Change in Market Momentum

Although demand’s exploding and home prices are rising swiftly, analysts are anticipating a market moderation in the next year. According to new projections, the fluctuation is forecasted to start in 2019. Analysts at Freddie Mac are anticipating appreciation will decelerate to 3.1 percent in 2019, with home sales to soften at a 2 percent growth […]

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With Global Goings-On, Mortgage Rates Withdraw

After hitting a record not seen since 2011, the average 30-year, fixed mortgage rate this week withdrew, down to 4.56 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage and average five-year, Treasury-indexed hybrid adjustable rates slipped, as well, down to 4.06 percent and 3.80 percent, respectively. […]

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With Global Goings-On, Mortgage Rates Withdraw

After hitting a record not seen since 2011, the average 30-year, fixed mortgage rate this week withdrew, down to 4.56 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage and average five-year, Treasury-indexed hybrid adjustable rates slipped, as well, down to 4.06 percent and 3.80 percent, respectively. […]

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After a Rising Streak, Mortgage Rates Slow

After an April run-up, mortgage rates have slowed, with the average 30-year, fixed rate at 4.55 percent this week, down from 4.58 percent the prior week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate, however, was at 4.03 percent, up from 4.02 percent the prior week—but the […]

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Mortgage Rates Spike

The average 30-year, fixed mortgage rate spiked this week, to 4.58 percent—a high not hit in four years, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average was 4.47 percent the prior week. The average 15-year, fixed rate, at the same time, was 4.02 percent, while the five-year, Treasury-indexed hybrid adjustable rate was […]

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Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

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Can Millennials Move On and Up?

As the biggest cohort of homebuyers, millennials are exercising influence in the market in unprecedented ways. They are at the center of demand for housing—built-up after many moved back in with their parents, and now releasing slowly, but surely, as the crash fades from memory. In fact, the majority of Power Brokers in RISMedia’s 2018 […]

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Mortgage Rates Stay Still

The average 30-year, fixed mortgage rate stayed still this week, inching up to 4.45 percent from 4.44 percent the week prior, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 30-year, fixed rate has been rapidly rising since the start of the year. On Wednesday, the Federal Reserve increased its interest rate, denoting […]

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