Zillow: Most Americans would rather renovate than move

To stay or go, that is the question. Turns out, most Americans would rather fix up their current home than move, according to a new study from Zillow.

What does the stock market tumble mean for real estate?

The Dow Jones dropped more than 800 points on Wednesday, the third biggest point drop of the year and the biggest drop since February. As investors sell-off stock and the benchmark yield rises, what does it mean for the real estate industry? Well for o…

Mortgage rate increases to 4.72%, highest level in over 7 years

Last week, the rate was at 4.65 percent. Last year at this time, it averaged only 3.83 percent.

US refinance loan originations have dropped to a 4-year low

Weakening mortgage demand caused by rising mortgage rates has slowed loan originations to its lowest level since Q1 2014, according to Attom Data Solutions’ latest report.

Housing in 2020: Construction Costs Grow, Mortgage Rates Slow

Where will housing be in 2020? According to the latest Metrostudy predictions, if all continues on its current track, construction costs could continue to increase, and mortgage rates could reel in. While rates have increased in the last six months, impacting affordability, the rise is not significant according to historical trends, says Mark Bound, chief […]

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Mortgage rates inch back slightly, yet remain mostly flat since spring

Mortgage rates inched back for the third straight week according to mortgage giant Freddie Mac’s most recent Primary Mortgage Market Survey.

Building Momentum for Mortgage Rates

There is a building momentum in mortgage rates, with the average 30-year, fixed rate up for the second straight week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 30-year fixed increased to 4.6 percent, up from 4.54 percent the prior week. The average 15-year, fixed, meanwhile, rose to 4.08 percent, up from […]

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Mortgage rates leap to fourth highest level of the year

Mortgages rates rose for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac. 

Mortgage Rates Roused After Slipping for Weeks

Mortgage rates roused this week, with the average 30-year, fixed mortgage at a 4.54 percent rate, up from 4.52 percent the prior week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage rate was 4.02 percent, up from 4 percent the prior week, and the five-year, Treasury-indexed hybrid adjustable mortgage […]

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Rising interest rates worrying your clients? Tell them these 5 things

If you are working with clients who are on the fence about buying or listing a property, the rate increase could be a great motivator. Here are five facts about interest rate increases that may inspire clients to move.