Lawrence Yun of the NAR is forecasting a drop in mortgage rates to perhaps as low as 6.5%. This may bring additional buyers that were priced out back into the market. As always, the time to make a move is based on you...
The average 30-year mortgage rate has been above 6% since September 2022, and since then, the housing market has been slower, especially on the selling side, which of course feeds into the buying side, since buyers ca...
The Big Story – East Bay, January 2024 Mortgage rates are plummeting, but how far will they fall? Quick Take:The average 30-year mortgage rate fell 1.18% in the last two months of 2023, which is a significant dr...
When the Covid pandemic hit, there was a lot of uncertainty in the world, especially with the real estate market. We quickly saw home prices began to skyrocket as interest rates fell. Over the next couple years many b...
The Big Story The Fed hints at pausing rate hikes Quick Take: Recession isn’t the right word. So what are we in? While we can say that we aren’t in a recession, it remains difficult to name the exact state of our econ...
Interesting analysis of national housing construction starts from Lawrence Yun at the National Association of Realtors. He foresees stabilizing rents leading to lower inflation and even lowered mortgage rates. Give it...
Categories:
Economic Updates
Repeat after me: The Fed doesn’t directly hike or cut mortgage rates. Some quick housekeeping before we dig into the headline: mortgage rates are slightly higher so far this week. The increases were in place on ...
Categories:
Economic Updates
In the long term, employment and GDP reveal much about the economic climate and typically trend with housing prices. GDP, according to the U.S. Bureau of Economic Analysis, gained 1.6% quarter-over-quarter in 2nd Quar...
Categories:
Economic Updates
