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No Holiday for the November Housing Market as Home Prices Climbed Nearly 8 Percent

Given the heated political climate of this year’s election and the inactivity that typically follows the Thanksgiving holiday, one might expect the real estate market to have taken it easy this November. On the contrary, prices and[...]
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The Fed Raised Rates, So What Will Happen With Mortgages?

Mortgage rates were up this week, averaging 4.16 percent for a 30-year, fixed-rate loan, up from 4.13 percent last week. Last year at this time, the rate was 3.97 percent, according to Freddie Mac.As recently as late October, the 30-year[...]
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How Will Homebuyers React to Mortgage Rate Increases?

Last week, rates for a 30-year-fixed mortgage crept up to 4.08 percent, according to the most recent numbers released by Freddie Mac. That’s an increase of a little over half a percent in just three weeks, and the highest rate seen since[...]
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Housing Demand Cooled in October, Dropping to a Three-Year Average

The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, declined 3.5 percent from September to a seasonally-adjusted level of 100 in October. A level of 100 represents the[...]
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Rising Mortgage Rates: Homebuyers Are More Resilient Than You Might Think

Rising Mortgage Rates: Homebuyers Are More Resilient Than You Might Think

Last week, the average 30-year fixed-rate mortgage rose to 4.16 percent, while the Federal Reserve raised the federal funds rate for the first time in a year, and only the second time this decade. How does this affect homebuyers? Redfin is[...]
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