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Housing Market
Pending Home Sales See Record Cancellation Rates as More People Turn to Rentals
According to a new Redfin analysis, there were 41,000 home-purchase agreement cancelations in January 2025, which was a rise of 13.4% from the previous year, bringing it to a level not seen since 2017. The housing market has been on shaky ground for some time now,...
Mortgage Rates Dip to Lowest Level of 2025 as Spring Homebuying Season Inches Closer
For a fourth straight week, mortgage rates dipped slightly to 6.87% on a 30-year fixed-rate mortgage. Weaker-than-expected retail sales data drove the 10-year Treasury yield lower, which may be responsible for this push below 7%. The rate drop has given prospective...
30-Year Mortgage Rates Fall Under 7% After Six-Week Climb
After a stretch of increases lasting over a month, mortgage rates have finally dipped below 7%, providing some hope for prospective homebuyers. According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate fell to 6.96% on January 23, down...
Climbing Mortgage Rates Create Barriers for Homebuyers, Open Doors for Investors
Freddie Mac’s recent numbers reveal that the average 30-year fixed-rate mortgage had climbed to 6.93%, an increase from the previous week and higher than this same time last year. Additionally, mortgage rates have remained above 6% since late 2022, which is a...
Post-Election Fed Rate Cut Fuels Real Estate Investors to Buy
In line with the Federal Reserve’s previous move that cut the benchmark interest rate by 0.50 percentage points, rates have been decreased once again. The second Fed rate cut of the year, which took place just two days after the presidential election, was...
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