Tag Archives: 30-year fixed rate mortgage

Thirteen percent of homes sold from December 2022 through February 2023 included a price cut and list of concessions in order to complete the deal.

“A dip in mortgage rates brought some buyers off the bench in January, but the housing-market recovery was tempered by still-high housing costs and a limited number of homes being listed for sale,” said Redfin Deputy Chief Economist Taylor Marr.

Redfin has laid out a list of predictions on what one should expect from the housing market next year.

With mortgage rates recently declining, demand has shown early indications of increasing, according to Redfin’s most recent Homebuyer Demand Index.

Existing-home sales retreated for the fourth consecutive month in May, according to the National Association of Realtors (NAR). Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales ...

Mortgage rates have surpassed 5% lately, due in large part to increases to the federal interest rate by the Federal Reserve who in addition to raising the rate twice this year, is expected to have further increases for the foreseeable future. ...

It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February.  According to Redfin, an online real estate brokerage, 65 percent ...

With a new Director at the head of the Federal Housing Finance Agency, this Video Spotlight explores how proposed restructuring within the GSEs could impact America’s housing market.