As we head into the holiday season, the housing market is starting to show some exciting opportunities for homebuyers! Let’s take a look at the latest trends shaping the market… 🏠Mortgage Rates Stabilize at Elevated LevelsThe average 30-year…
With mortgage rates stabilizing and positive signals from the Fed, is now the time to act? Let’s talk about it. 📉 Mortgage Rates Starting to FallMortgage rates are finally moving in a favorable direction for buyers. Rates have fallen…
Is interest rate stability in sight? Summer is here and the housing market is heating up! Let’s dive into the latest trends:Â Is Interest Rate Stability in Sight? Over the past few weeks, 30-year fixed rates have fluctuated between…
Purchase outlooks are improving Happy to report some good news for consumers — last month we started to see signs of inflation easing, and this week mortgage interest rates are down for the second week in a row. So…
Homebuying season is here March marked the beginning of Spring which means… homebuying season is here! The real estate market continues to be abuzz with questions about rate cuts — will they happen and if so, when? -Robert Heck,…
Springing into the market Some good news for homebuyers as we head into spring: interest rates have been improving, housing supply has increased, and average home price growth has slowed. Although home inventory still remains tighter than it was…
Texas, the Lone Star State, is not just known for its vast landscapes and rich history, but also for its thriving real estate market. In 2022, the state witnessed a robust real estate activity with 298,014 home sales, reflecting…
The missing summer market While mortgage rates continue to linger around 7%, where they’ve been for a few months now, home prices actually rose year-over-year in the most recent data from July. The uptick was lower than averages over…
The dog days of the summer market As September rapidly approaches, experts are weighing in on what homebuyers can expect from the fall market, especially as mortgage rate benchmarks hit their highest levels in over 20 years. Will things…
Plenty of buyers, few sellers While the Fed raised interest rates again this week, by .25%, mortgage rates remain relatively consistent this week, with that rate hike already priced into the market. Right now, buyers can expect 30-year fixed…
Rates trail off from 2023 highs While Freddie Mac’s mortgage benchmark inched higher this week, it doesn’t paint a full picture of where rates sit currently. Newly released Consumer Price Index (CPI) data showed inflation falling to 3% year-over-year,…
Buyers are back Purchase mortgage applications increased last week by 8% as rates eased slightly from their May highs. While rates remain in the same range, any improvement is welcome news for buyers, with the increase in applications proving that strong demand remains. This dip…
Rundown by rates We hope your week is off to a good start. There’s no question that rates are high right now as they hover around 7%, on par with the levels we saw late in 2022. That said, the market…
Getting ahead of the market Today we’re featuring insights and tips to help buyers prepare to enter the market, whether that day is coming soon, or further down the line. Last week the Federal Reserve raised rates by .25% again,…
Searching for a 5.5% rate Recently released March housing data shows exactly how much of a roller coaster homebuyers have been on so far this year. While existing home sales increased over 13% in February, the uptick in rates…
Market forces push and pull on mortgage rates The combination of the Fed’s efforts to combat rising inflation and uncertainty in the banking sector are having a push and pull effect on mortgage rates. This week the Fed raised the Federal…
Jobs numbers remain strong, home price growth slows Mortgage rates rose again on a weekly basis, but we saw some improvement towards the end of this week. This comes on the heels of a February jobs report that was strong, but cooler than…
The year kicked off on a more positive note, as many buyers, sellers, realtors and loan officers were encouraged by a downward trend in mortgage rates and signs of waning inflation. Over the past few weeks, we’ve seen rates…
Rates were volatile this week as the market adjusted to a range of mixed signals. The 1-2 punch of a lower Fed interest rate hike and strong jobs data sent rates back up this week, following a month of…
Buyer energy has returned to the market with benchmarks showing mortgage rates hitting some of their lowest levels since September in the past week. While they have ticked up again over the past few days, reflecting continued rate volatility in the market, some signs show that buyer optimism has renewed.