| Getty Images Key Takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe t...
Tag: mortgage rates housing prices
Is The Real Estate Market Slowing Down? What To Expect In 2023
| Getty Images Key takeaways With persistent rate hikes from the Fed, there are widespread fears that the economy will enter a recession. The rate hikes and overall economic uncertainty have brought m...
Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?
| Getty Images Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcem...
Is The Real Estate Market Slowing Down Due To Mortgage Rates?
| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...
Why Did Mortgage Rates Suddenly Drop?
| Getty Images Key Takeaways Rates for 30-year fixed rate mortgages dropped below 7% the first week of November. Rates have been moving higher for most of 2022, rising from around 3% to over 7%. More ...
Where Are Housing Prices Coming Down The Most?
| Getty Images Key takeaways On average, housing prices are dropping, nationally. Housing markets that are cooling the most are concentrated on the West Coast. Rising interest rates and economic uncer...