If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.   But, there’s one thing that’s historically a good indicator of what’ll happen with rates, and that’s the relationship between […]

If you’re thinking of buying a home, chances are you’re paying attention to just about everything you hear about the housing market. And you’re getting your information from a variety of channels: the news, social media, your real estate agent, conversations with friends and loved ones, overhearing someone chatting at the local supermarket, the list […]

If you’re thinking about selling your house right now, chances are it’s because something in your life has changed. And, while things like mortgage rates are a vital part of your decision on what you’ll buy next, it’s important not to lose sight of the reason you want to make a change in the first […]

When you look at the numbers today, the one thing that stands out is the strength of this housing market. This is one of the most foundationally strong housing markets of our lifetime – if not the strongest housing market of our lifetime. Here are two fundamentals that prove this point.  1. The Current Mortgage […]

Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:  Here’s the context you need to help answer those questions. […]

Some Highlights

If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market. While the Fed’s working hard […]

If you’re a homeowner considering moving, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is picking up speed. Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how […]

This year, the 30-year fixed mortgage rate has been bouncing between 6% and 7%. If you’ve been on the fence about buying a home, it’s helpful to know exactly how a 1%, or even a 0.5%, mortgage rate changes can affect your purchasing power. The chart below helps show the general relationship between mortgage rates and […]

Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: “Housing markets have cooled slightly, but demand hasn’t disappeared, and in many places remains strong largely due to the shortage of homes on the market.” That activity can […]

After steadily falling over the winter, mortgage rates have risen in recent weeks. This is concerning to some potential homebuyers, as the combination of higher mortgage rates and higher prices has made homes less affordable. So, if you’re planning to purchase a home this year, you, too, may be wondering if now’s the right time to […]

As mortgage rates rose last year, activity in the housing market slowed down. As a result, homes started seeing fewer offers and stayed on the market longer, which meant some homeowners decided to pause selling. However, rates are now coming down—and buyers are starting to reenter the market. The latest data from the Mortgage Bankers […]