Tag Archives: rate locks

“The slight increase in December listings indicates the impact of lower mortgage rates is beginning to trickle down into the market, which comes as an optimistic sign as we head into the new year," said Jeremy Sicklick, Co-Founder and CEO of HouseCanary.

“Mortgage rates are dropping due to easing inflation and investors betting the Fed will cut interest rates sooner than expected," said Redfin Economics Research Lead Chen Zhao. “Declining rates, along with a sizable year-over-year increase in new listings, are leading to more favorable conditions for some buyers."

A new Fannie Mae report examines how the "lock-in effect" is affecting the housing market. Click through to read why surveyed homeowners are staying put, and how that choice is sending ripple effects throughout the market.

As sky-high mortgage rates continue to hamper potential homebuyers, smaller markets are the star of the show in the Wall Street Journal and Realtor.com's latest Emerging Housing Markets Index, offering more affordability and job opportunities.

A new Redfin report found that increased housing costs, short supply, and return-to-office mandates have factored into a decline in the demand for vacation homes and investment properties nationwide.

Omicron issues, combined with inflation concerns, and Fed tapering are pushing mortgage rates out of reach for those on the fence of obtaining a refinance.