Unusual Rally for Mortgage Rates Headed Into Labor Day Weekend
Mortgage rates drifted upward over the past week, straying ever so slightly from the narrow range that has endured for the last few weeks.
Market Trends
June Case-Shiller Results and July Forecast: Shifting Winds
It’s hard not to notice the winds beginning to shift in the housing market. But those changes have yet to reach the point where they’ve fully transitioned from home buyer headwinds into tailwinds, and likely won’t until at least the end of the decade.
A Real Buyers Market? Wait Until at Least 2020
More than three quarters (76 percent) of experts said they don’t expect national housing market conditions to shift toward a buyers market until 2020 or beyond.
July New Home Sales: Rapid Reaction
July new home sales fell 1.7 percent from June, according to the U.S. Census Bureau, the second straight month of disappointing new and existing home sales.
Home-Value Growth Slowing in Several Hot Markets (July 2018 Market Report)
The median U.S. home value climbed 8 percent over the last year to $218,000, but growth is slowing in 20 of the 35 largest U.S. housing markets, with Seattle and Tampa, Fla., reporting the greatest slowdowns.
Mortgage Rates Steady, Awaiting Fed’s Annual Meeting in Jackson Hole
Mortgage rates held steady this week and remain almost exactly where they stood a month ago.
Nearly $10K a Year: Taxes, Insurance, Other Homeowner Costs
U.S. homeowners can expect to spend almost $9,400 a year on costs associated with owning and caring for a home. That’s about $780 a month on top of a monthly mortgage payment.
Price Cuts Becoming More Common, Especially at the High End
The share of pricier homes available for sale at a discount from their original list price is growing, even as sellers of less-expensive homes seem somewhat less willing to consider a price cut.
Mortgage Rates Lower on Turkey Turmoil
Mortgage rates fell last week after the collapse of the Turkish lira prompted financial market fears.
