Remove news trends best-week-of-the-year-for-homebuyers
article thumbnail

The 8% mortgage is here

Housing Wire

Rates on the 30-year fixed-rate mortgage eclipsed 8% this week as the Treasury yield surpassed 4.9% Per Mortgage News Daily , mortgage rates touched 8.03% on Wednesday, up from 7.69% the previous week. 19, up 6 basis points from the prior week. for the first time since 2007, according to one index.

article thumbnail

Mortgage rates rise again following two weeks of declines

Housing Wire

Mortgage rates inched back up this week and remain anchored north of 7% as investors focus on the impact of rising headline inflation ahead of next week’s Fed rate decision. 14, up from last week ’s 7.12%. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time.

Mortgages 426
Insiders

Sign Up for our Newsletter

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

article thumbnail

Homebuyers increasingly seek ARMs as mortgage rates soar 

Housing Wire

Mortgage rates have more than doubled from the beginning of the year and homebuyers facing affordability challenges are increasingly turning to adjustable-rate mortgages (ARMs) to reduce their monthly payments. A year ago at this time, rates averaged 3.09%. A year ago at this time, rates averaged 3.09%.

Mortgages 403
article thumbnail

The savagely unhealthy housing market is now a nightmare

Housing Wire

from last year. My nightmare scenario, on the other hand, has happened and this is bad news for everyone. This marks 123 consecutive months of year-over-year increases, the longest-running streak on record. When you’re trying to sell your home, naturally, you’re a homebuyer too. The housing nightmare continues.

article thumbnail

Housing Market Tracker: Higher rates crush purchase apps 

Housing Wire

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Here is a quick rundown from last week: Purchase applications fell 18% week to week and hit levels not seen since 1995. The last two weeks in purchase apps look out 30-90 days.

Marketing 420
article thumbnail

Real estate farming: Become the go-to agent in your area using these tips, tools & strategies

Housing Wire

Real estate farming tools Whether hosting open houses, first-time homebuyer workshops or seasonal neighborhood events, these tools will help you become a go-to local expert. Real estate farming, or geo-farming, is a lead generation strategy in which the agent focuses on a specific geographic area.

Agents 331
article thumbnail

7 best real estate classes in Ohio (OH) for 2024

Housing Wire

We’ve done extensive research to determine the best real estate classes in Ohio to launch your new career. We’ve done extensive research to determine the best real estate classes in Ohio to launch your new career. Vetted by HousingWire | Our editors independently review the products we recommend.