Mortgage Rates Set to Remain Higher for Longer
After the Fed's announcement on Wednesday that it is holding interest rates steady, homebuyers hoping for lower mortgage rates will have to keep waiting
As Mortgage Rates Dip, Homeowners With High Rates Move to Refinance
A decrease in rates last week prompted a rise in refinancing by homeowners who obtained their mortgages at near-peak rates
January's Mortgage Rate Dip Prompts Some Thawing of the Housing Market
A drop in mortgage rates from recent peaks nudged more homebuyers and sellers into the market, signaling the start of greater supply and demand
Credit for Builders Still Tight But Shows Some Easing
Credit for residential AD&C remained constrained during Q4 2023, but the good news is that tightening is less widespread than in recent quarters
Are We Headed for a Spring Homebuying Slowdown?
As mortgage rates rise to their highest levels in two months, Freddie Mac warns rates may stay higher for longer, which could affect spring buying
Philadelphia Labor Unions Are Helping Their Members With Homebuying
The housing market is tough. Recognizing that, Philly labor unions are stepping in to assist workers with their home purchases
Sales in Top Master Planned Communities Strong Despite Pandemic
RCLCO’s mid-year survey for master planned communities found sales increased, even amid the pandemic. New home sales in communities grew more than…
What Cities Have the Most Affordable Family Homes?
Those looking for a family home must consider an area’s safety, available education, and expenses beyond mortgage to find the true cost of…
Interest-Only Loans Risky for Most Homebuyers
Some experts say that although interest-only loans may seem appealing to borrowers, there is only a small percentage of homebuyers that could use…
Builders Bear the Brunt of US-Canada Wood Trade Dispute
Amid the pandemic, many lumber mills in the Pacific Northwest temporarily closed up shop. This pushed home builders to purchase wood from Canada…
Senate Votes to Extend Paycheck Protection Program
Just hours before the Paycheck Protection Program closed, the Senate reached a deal to extend it for five weeks. The unanimous vote opens the…
Mortgage Applications Decrease for Second Consecutive Week
The housing industry boomed after shelter-in-place orders were lifted due to factors such as pent-up demand, but the drop in mortgage applications…
Affordable Home Prices Rise 5.5%
Historically low mortgage rates have sent more and more buyers into the housing market, Redfin reports. But many of these homebuyers are running…
Luxury Housing Market, Vacation Home Interest Snaps Back
Numbers have shown the desire for city living has dropped compared to suburbia life due to the pandemic, but some homebuyers who can afford it are…
Renting or Owning: Which Is Most Affordable?
In a time when consumers are cutting costs and reevaluating finances, the question of renting versus buying is one many have pondered. LendingTree…