Inventory Increases, Sales SlideThe ever-unpredictable real estate market tossed agents another curve ball last month.Existing home sales fell 3.4% in April from March, with sales over 23% lower year-over-year. However, there was a slight, 1% increase in the inventory...
Mortgage Demand Surges After Fed Suggests Rate Hike PauseAfter 14 months of Federal Reserve rate hikes, chairman Jerome Powell hinted at a potential end to the inflation cooling strategy.This had a positive effect on mortgage rates. They fell slightly in the first...
Renters Take Opposing Views on Home OwnershipConsidering that renters are still priced out of the market in some areas, many of them are feeling hopeless about their prospects.While 51% of them consider home ownership an extremely important financial goal, many are...
Home Purchases, Mortgage Applications on The RiseDuring the last week of April, the average interest rate for 30-year fixed-rate conforming loans increased to 6.55% from 6.43%.However, loan applications rose 5% during the same week. The recent softening in house...
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