by Jesse Williams | Oct 20, 2022 | Agents, Brokers, Industry News, Latest News, Lead Story, National, News, Premier, Teams |
Annualized existing-home sales continue to fall, with last month heralding a slower autumn season as the housing market appears headed for some period of hibernation—though whether that time is short or extended remains unclear. Existing-home sales fell 1.5%—a bigger...
by Jesse Williams | Oct 20, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage rates continued toward the 7% mark this week, but slowing it’s upward trajectory with just a slight rise from the previous week. The 30-year fixed-rate mortgage (FRM) averaged 6.94%, up from 6.92% the previous week, according to the latest Primary Mortgage...
by Jesse Williams | Oct 20, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Rising mortgage rates and a shortage of newly built single-family homes have made the dream of owning a small, affordable home unattainable for renters who would like to make the move to homeownership. After the latest mortgage rate hike, renters in 46 of the 50...
by Jesse Williams | Oct 20, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Profit margins on median-priced single-family home and condo sales decreased to 54.6% as home prices declined for the first time in almost three years, according to a new report from ATTOM released this week. ATTOM’s third-quarter 2022 U.S. Home Sales Report found...
by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Refinancing activity has dropped dramatically among rising interest rates, with Bankrate reporting the national 30-year refinance rate at 7.07% on Oct. 17. However, homeowners have begun seeking alternate options to refinance. According to a new report from CoreLogic,...
by Jesse Williams | Oct 19, 2022 | Agents, Brokers, Industry News, Latest News, National, News, Premier, Teams |
Mortgage applications continued their decline last week, hitting their lowest level of activity in 25 years, according to the Mortgage Bankers Association (MBA). This week new loan activity slid 4.5% from one week earlier, according to MBA’s latest Weekly Mortgage...