Mortgages
Mortgage rates are responding to the escalating war in Iran, jumping again for the second week in a row to reach a three-month high on the 30-year. Freddie Mac put the average at 6.22% for the week ending on Thursday, marking another disappointing development for prospective homebuyers standing on the sidelines waiting for rates to…
A lot of hopes have been pinned on mortgage rates going down this year, but it seems this new war with Iran is poised to be a check on additional benchmark interest rate cuts and an overall drag on housing market activity. “Economic uncertainty is not a position from which many people are interested in…
By Jonathan MillerSpecial Contributor Understanding Housing Market Trends ASAP Admittedly, going into the Beige Book and anecdotal is a little wonky, but I promise it is worth it. Here it goes… Everyone who interacts with the housing market has all heard this debate between pending and closed sales: Early on, brokerage firms that tried to…
In what could certainly be described as a sign of our times, a Dallas-based startup is launching a new crypto-fueled fintech platform with a digital rewards program that can be leveraged to secure a lower mortgage rate. This might sound like the brainchild of some tech investor out of California, but it’s actually the latest…
A record percentage of pending home sales fell through last month in what could either be a bad signal for the housing market or just discerning buyers flexing their renewed clout. Researchers at the listing website Redfin dug into December’s pending-sale data, and they found that more than 40,000 home purchase agreements were canceled last…
