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
Financing
Mortgage Activity Decreases for Third Consecutive Week as Rates Rise
The average 30-year, fixed-rate mortgage is back into the 7% range, causing purchasing and refinancing activity to drop for the third week in a row
Financials
Record High House Prices Are Boosting Home Equity Levels
While buyers struggle to stay afloat amid soaring home prices in the for-sale market, today's homeowners are reaping the benefits of record appreciation
Financing
The Share of New-Home Sales Backed by FHA Loans Is on the Rise
A rampant housing affordability crisis is leading to an increase in new-home sales financed with government-backed mortgages
Financing
Mortgage Rates Surpass 7% Ahead of Seasonal Soft Window
Rising mortgage rates could set the stage for significant price declines ahead of a typically slow season for homebuying
Financing
More Than 80% Of Americans Feel ‘Locked-In’ by Their Low-Rate Mortgages
Homeowners who moved or refinanced during the COVID-19 pandemic have mortgages with interest rates below 4%, and rather than relocating and losing that low rate, many are staying put
Financing
High Mortgage Rates Are Keeping Home Sellers at Bay, but for How Much Longer?
How low must mortgage rates go before home sellers make their way back into the housing market?
Financing
Yield Giving Organization Donates $10 Million for Affordable Housing
MacKenzie Scott's philanthropic organization, Yield Giving, is providing D.C.-based National Housing Trust with a onetime donation of $10 million to support affordable housing development
Financing
No Relief for Summer Buyers as the Rate Hike Saga Continues
The Federal Reserve continues to raise its rates amid stubborn inflation in the U.S. economy, and the housing market is suffering the consequences
Market Data + Trends
Why One Expert Says a Decade-Long Home Price Rally Could Be Coming to an End
After more than 10 years of steady home price increases, the Federal Reserve could soon reset the U.S. housing market
Market Data + Trends
Fannie Mae Raises Its Forecasts for Single-Family Housing Starts and Mortgage Originations
Fannie Mae upgraded its single-family housing starts forecast for 2023 by 72,000 units and its 2023 forecast for mortgage originations from $1.59 trillion to $1.62 trillion