The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac’s latest lender survey. Source: Inman News
Posts published in “Markets & Economy”
Booming buyer demand, withering US lumber supplies and a tariff hike on Canadian softwood have pushed lumber prices to a pandemic high, with sales contracts…
The top U.S. housing markets for 2022 are mostly affordable tech hubs with outdoor recreational opportunities that have become attractive alternatives to pricier coastal markets…
Redwood Trust, which issues jumbo loans that are off limits to Fannie and Freddie, says costlier markets are better served by private lenders. Source: Inman…
The upward spiral continued as home prices surged a record 18 percent year over year in October to the highest growth rate in the 45-year…
Homebuilders and real estate firms posted strong hiring trends even as a federal jobs report came up far short of expectations for November. Source: Inman…
The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January,…
Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers…
Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging. Source: Inman News
Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant…