Mortgage Rates Just Went Up to Their Highest Point This Year, Signaling a Potential Trajectory Ahead
The latest data shows mortgage rates have hit their highest point this year, reaching 6.77% for a 30-year fixed-rate home loan. This increase could be a result of the Federal Reserve's actions to combat inflation, which could keep mortgage rates elevated for a while. This might slow down the spring homebuying season. However, it's important […]
Fannie Mae Predicts Below-6% Mortgage Rates in 2024
Fannie Mae, a key player in housing finance, brings a positive forecast for potential homebuyers in 2024. According to their January predictions, the 30-year mortgage rate is anticipated to dip below 6%, offering aspiring homeowners a favorable environment. Additionally, Fannie Mae dispels concerns of an impending recession, projecting a scenario of "positive but below-trend growth" […]
Recent headlines have been buzzing about the rise in mortgage rates, with some reports noting that rates have reached their highest levels in over two decades. If you're in the market for a new home or thinking about refinancing, you might be wondering if it's time to hit the pause button. Here's what you need […]
U.S. PENDING HOME SALES RISE 8.1% IN JANUARY: WHAT DOES IT MEAN FOR THE HOUSING MARKET?
Pending Home Sales Rise 8.1% in January, Largest Increase Since June 2020 By Aarthi Swaminathan The National Association of Realtors (NAR) has released its monthly index, showing that pending home sales in the US rose 8.1% in January. This is the second consecutive month of sales growth, driven by lower home prices. Pending home sales reflect […]