by Beth McGuire | Feb 10, 2017 | Latest News, Lead Story, Luxury, News |
Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York...
by Susanne Dwyer | Feb 9, 2017 | Buying/Selling, Latest News, National, News |
The average 30-year fixed-rate mortgage barely budged this week, inching down two points to 4.19 percent, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 15-year fixed-rate mortgage followed suit to 3.39 percent. The 5-year...
by Beth McGuire | Feb 7, 2017 | Buying/Selling, Latest News, Lead Story, National, News, Trending |
Americans are seeing a bright spot in their paychecks, and their housing prospects. The share of those surveyed in Fannie Mae’s recent Home Purchase Sentiment Index® (HPSI) who reported “significantly higher household income” in 2016 increased five...
by Susanne Dwyer | Feb 2, 2017 | Latest News, National, News |
Mortgage rates on average remained unchanged this week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), mirroring the Federal Reserve’s decision on Wednesday to keep the key interest rate unchanged. “The 10-year Treasury yield...
by Susanne Dwyer | Feb 1, 2017 | Latest News, Lead Story, National, News, Trending |
The Federal Reserve kept the key interest rate unchanged this week as it looks to future fiscal policy under the new administration—a decision in line with its intent to raise rates only gradually in 2017. “In view of realized and expected labor market...