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Mortgage Rates Decline

Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) for the week ending March 30, 2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent. “Economic uncertainty continues to bring mortgage rates down,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last several weeks, declining rates have brought borrowers back to […]
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How Homeownership Is Life Changing for Many Women

Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households. Why Is Homeownership So Important to Women? The […]
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30-Year Fixed Mortgage Rate Averages 6.42%

According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac on March 23, 2023, the 30-year fixed-rate mortgage (FRM) averaged 6.42 percent, which is a decrease from last week when it averaged 6.60 percent. However, it is higher than the 4.42 percent average of a year ago at the same time. Similarly, […]
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Here’s Why the Housing Market Isn’t Going To Crash

All Mortgage Rates Decline Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS) for the week ending March 30, 2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent. “Economic uncertainty continues to bring mortgage rates down,” said Sam Khater, Freddie Mac’s Chief Economist. “Over the last several weeks, declining rates have brought borrowers back to […]

All How Homeownership Is Life Changing for Many Women Throughout Women’s History Month, we reflect on the impact women have in our lives, and that includes impact on the housing market. In fact, since at least 1981, single women have bought more homes than single men each year, and they make up 17% of all households. Why Is Homeownership So Important to Women? The […]

All 30-Year Fixed Mortgage Rate Averages 6.42% According to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac on March 23, 2023, the 30-year fixed-rate mortgage (FRM) averaged 6.42 percent, which is a decrease from last week when it averaged 6.60 percent. However, it is higher than the 4.42 percent average of a year ago at the same time. Similarly, […]

All Here’s Why the Housing Market Isn’t Going To Crash

All Financial Market Turbulence This Week Causes Pullback in Mortgage Rates Freddie Mac released its Primary Mortgage Market Survey® (PMMS®) today March 16, 2023, revealing that the 30-year fixed-rate mortgage averaged 6.60 percent, down from 6.73 percent the previous week. The 15-year FRM also decreased from 5.95 percent to 5.90 percent. However, both rates are significantly higher than a year ago when the 30-year FRM averaged […]

All What Buyer Activity Tells Us About the Housing Market 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 […]

All Seeking Clarity in Today’s Housing Market? The housing market has been going through shifts lately. That’s why it’s so important to work with an industry professional who can be your guide throughout the process. A real estate expert uses their knowledge of what’s really happening with home prices, housing supply, expert projections, and more to give you the best advice. Someone who can provide […]

All Mortgage Rates Continue to Increase Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending 03/069/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.73 percent. “Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy,” said Sam Khater, Freddie Mac’s Chief Economist. “Overall, consumers are […]

All Mortgage Rates Higher This Week Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending today 03/02/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.65 percent. “As we started the year, the 30-year fixed-rate mortgage decreased with expectations of lower economic growth, inflation and a loosening of monetary policy. However, given sustained economic growth […]

All Are You Ready To Gain Some Equity? Today’s homeowners are sitting on significant equity, even as home price appreciation has eased recently. If you’re a homeowner, your net worth got a boost over the past few years thanks to rising home prices. Here’s what it means for you, even as the market moderates. How Equity Has Grown in Recent Years Because of the […]

All Inflation Threat Continues To Tick Mortgage Rates Up Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®)for the week ending 02/23/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.50 percent. “The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation,” said Sam […]

All Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of not finding something to buy.” Let’s break down these two big issues in today’s […]

All Mortgage Rates Up for Second Consecutive Week Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending today , showing the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent. “Mortgage rates moved up for the second consecutive week,” said Sam Khater, Freddie Mac’s Chief Economist. “The economy is showing signs of resilience, mainly due to consumer spending, and […]

All What’s Going on with Home Prices Now? The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices. Local price trends still vary by market. But looking at national data, Nataliya Polkovnichenko, […]

All Should You Consider Buying a Newly Built Home? If you’re thinking about buying a home, you might be focusing on previously owned ones. But with so few houses for sale today, it makes sense to consider all your options, and that includes a home that’s newly built. The Number of Newly Built Homes Is on the Rise While there are more houses for […]

All What You Should Know About Closing Costs This cannot be stressed enough! Before you buy a home, it’s important to plan ahead. While most buyers consider how much they need to save for a down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you […]

All Slight Tick-up in Mortgage Rates Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending February 09, 2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.12 percent. “Following an interest rate hike from the Federal Reserve and a surprisingly strong jobs report, mortgage rates increased slightly this week,” said Sam Khater, Freddie Mac’s Chief Economist. […]

All Will The Housing Market Crash? Will the housing market crash continues to be a question that is being asked. 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good […]

All Homes For Sale Up, but Below Pre-Pandemic Years The biggest challenge in the housing market right now, and likely for years to come, is how few homes there are for sale compared to the number of people who want to buy. That’s why, if you’re thinking about selling your house, this is a great time to do so. Your house would be welcome […]

All Closing the Gap in Today’s Homeownership Rate As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to […]

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