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
Market Data + Trends
High Home Prices and Rents Cause Investor Pullback, Giving Homebuyers a Chance
As professional investor activity in the residential housing market slows, homebuyers may enjoy less competition for available homes
Financing
Buyers Retreat as Mortgage Rates Creep Over 7% Threshold Again
Mortgage rates rose above 7% again this week, and experts say purchase applications are likely to slow as a result
Financing
Mortgage Rates Remain High, but Rate Stability Is Encouraging Buyers
The 30-year, fixed-rate mortgage has been hovering under 6.5% APR for the last few weeks, and homebuyers are using that stability as an opportunity to buy
Affordability
In a Housing Market Ruled by Fluctuating Interest Rates, Timing Is Everything
According to priced-out homebuyers, the most crucial factor in buying an affordably priced home in today's high-cost market isn't the home's size or location—it's timing
Financing
Home Prices Are Increasing, but Buyer Sentiment Is on the Rise—Here’s Why
Homebuyers delayed by soaring borrowing costs are finding a window of opportunity as the Federal Reserve prepares to pause its rate hikes
Financing
The Mortgage Rate Madness Continues—Where Are Borrowing Costs Headed From Here?
Has the Federal Reserve taken its rate hikes too far? Here's what housing experts have to say about today's homebuying conditions
Financing
Why the Fed's Latest Rate Hike May Actually Be Good News for Homebuyers
The Federal Reserve announced yet another increase in its short-term rates this Wednesday, but mortgage rates are poised to fall in the months ahead
Financing
Controversial ‘Admin Fees’ Are Driving Up Closing Costs
The administrative fees tacked onto closing costs help brokerages cover everything from paperwork to meeting regulatory requirements, but many industry experts say those extra costs are scamming buyers
Sales
Is There a Mortgage Rate Free-Fall Coming?
In addition to the prospect of lower mortgage rates, home prices may also soon be on the wane, creating more opportunities for homebuyers
Financing
Interest Rates Are Rising, but Homebuyer Demand Is Holding Steady
Mortgage rates posted their largest increase in over a month last week, but despite another blow to housing affordability, applications to purchase a home inched higher