Remove articles freddie-mac-purchase-mortgage-rates-increase-to-5-30
article thumbnail

Are the Hottest Days of the Housing Market Behind Us?

Realty Biz

The combination of rising home prices and rising mortgage rates is putting a damper on buyer demand. Freddie Mac says that house prices rose 5% for the first quarter of this year and the National Association of Realtors (NAR) says prices on closed sales are up 6%. could afford a $225,000 mortgage at 2.8%.

article thumbnail

Refinance With Cash-Out – Is the Time Right?

Realty Biz

And interest rates remain at historical lows. Both are strong reasons motivating homeowners to refinance mortgages and pull out cash. A cash-out refinance replaces your current home loan with a new mortgage that’s higher than your outstanding loan balance (based on a new appraisal). Why Refinancing Might Make Sense Right Now.

Equity 66
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. increase from the same time a year ago, according to Compass. Chicago’s housing market started out hot in 2022.

Mortgages 382
article thumbnail

[PULSE] 5 reasons mortgage rates will fall in 2021, according to Dave Stevens

Housing Wire

Let me be contrarian: Get ready, because mortgage rates are going to rise in 2021. The Mortgage Bankers Association in its most recent forecast sees two things that stand out. First, 2020 will prove itself to be the second biggest mortgage year in history. Fed purchases in July were $104.6 You must be wrong.”

Mortgages 539
article thumbnail

5 Silver Linings for Home Buyers in 2023

HomeLight

Everything from stubborn inflation and increasing mortgage rates to potential home price declines could cause potential buyers to rethink a new home investment. metro areas saw double-digit home price increases. But there are also reasons for home buyers to be optimistic. During the second quarter of 2022, 80%, of U.S.

article thumbnail

111 Shocking Real Estate Statistics You Need To Know

The Close

Statistics in this article: Real Estate Agent Statistics. Those numbers may be leveling off, marking a return to a normal expansion rate. Related Article. Among those who had two years or less of experience, 37% were racial minorities, an increase from 34% one year ago. Related Article. Looking for a Realtor?

Equity 139
article thumbnail

Raleigh Housing Market: Prices | Trends | Forecast 2021-2022

Marco Santarelli

The cumulative appreciation rate over the ten years has been 55.26%, which ranks in the top 30% nationwide. This equates to an annual average Raleigh house appreciation rate of 4.50%, according to NeighborhoodScout.com. House appreciation rates in Raleigh were 2.02 Raleigh is the capital of North Carolina.

Marketing 105