WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion but signaled a higher..
People who bought homes in the past 2 years could see ‘significant’ savings by refinancing now
Home loan rates are down about 1.25% from their 2018 peak, “which can translate to $2,200 a year in savings on a $250,000 mortgage,”..
The 10 major U.S. cities where housing costs have increased the most
If you want to live in a big city but have a tight budget, you may want to avoid places such as Miami and..
Millennials drive mortgage refinance boom, and lenders are scrambling
KEY POINTS Refinance applications were up a stunning 116% this week compared with a year ago, according to the Mortgage Bankers Association. That has..
Seattle Real Estate in July: Sales up 1.3% YoY, Inventory up 45% YoY from Low Levels
The Northwest Multiple Listing Service reported Northwest MLS brokers report mixed activity during July, as volume of closed sales reaches 12-month high July provided mixed..
Home Purchase Sentiment Hits Record High
There was an unusually large bump in Fannie Mae’s Home Purchase Sentiment Index (HPSI) in July. The company said strong positive responses to questions..
Lower Interest Rates: What They Mean for Housing and the Economy
Recent jolts to the economy stemming in part from an intensified trade war with China have worried markets and resulted in a significant decline..
Latest 2019-2021 Predictions: Home Sales & Prices, Mortgage Rates & Loan Volume
Last week, our friends at the MBA released their latest predictions on home sales, home prices, mortgage rates, and mortgage volumes. Rates dropping this..
Phoenix Real Estate in May: Sales up 4% YoY, Active Inventory up 3% YoY
This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple..
More Homebuyers are Having Success with Contingent Offers, Even as the Market Heats Back Up
Home-sale, financing, and inspection contingencies are all on the rise from a year ago. Although the housing market is beginning to heat back up this..
