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Black Friday deals on a new home? Here you go

Housing Wire

The Ohio-based builder is offering discounts of up to $20,000 on select homes in Greater Houston , along with no-cost 2/1 rate buydowns , and slashing prices by as much as $93,850 in other markets like Chicago. That’s right, there are Black Friday home sales! offer a “Holiday of Homes” incentive that varies across areas.

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FHFA says it prevented 43K foreclosures in Q3, but new cases rose 27%

Housing Wire

The Federal Housing Finance Agency (FHFA) on Thursday announced that it initiated 43,459 foreclosure prevention actions in the third quarter of 2024, bringing the total number of homeowners helped to more than 7 million since the government-sponsored enterprises (GSEs) entered conservatorship in 2008.

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Mortgage demand jumps 6.3% as rates level off

Housing Wire

Mortgage applications rose 6.3% 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sign for mortgage lenders heading into the typically slow Thanksgiving holiday.

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Trapped by design: Why America’s housing market is stuck — and what the rest of the world can teach us

Housing Wire

homeowners hold mortgages below 4%, according to the Federal Housing Finance Agency. With current rates hovering near 7%, selling a home today often means trading a historically low payment for one nearly double the size. And while U.S. The scale of the lock-in problem is staggering. Nearly two-thirds of U.S. Yet while the U.S.

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Home sales are stalled with 7% mortgages

Housing Wire

This housing market is on hold until mortgage rates come down. We knew that mortgage rates over 7% were possible for the year, and here we are. I still expect well spend most of the year under 7% for the 30-year fixed rate mortgage , but until that happens, home sales are at a standstill.

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30-Year Fixed-Rate Mortgage Dives to See Largest Drop Since March 2025

Marco Santarelli

Well, there's some good news: Mortgage rates are dropping! The average rate for a 30-year fixed-rate mortgage has fallen to 6.67% , the biggest drop we’ve seen since March of this year. According to Freddie Mac's Primary Mortgage Market Survey, the average 30-year fixed-rate mortgage is down 0.1

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Today’s Mortgage Rates Rise: Insights for January 02, 2025

Marco Santarelli

Mortgage rates have risen today, January 2, 2025, making it essential for potential homebuyers to stay informed and make smart financial decisions. As per the latest data from Zillow , the average 30-year fixed mortgage rate has climbed to 6.70% , while the 15-year fixed rate has increased to 6.10%.