Goldman Sachs, a multinational investment bank, forecasts home prices will fall further in 2023 than initially expected.
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.93 percent, up from 3.87 percent.
How are homebuilders positioned heading into spring? It’s all about mortgage rates as they move through a backlog of unfinished homes.
About a month ago, I discussed whether mortgage rates could drop any lower. At that time, the en vogue 30-year fixed-rate mortgage averaged 4.32%, per Freddie Mac data. Today, expectedly, it hit a fresh all-time low, falling to 4.12%. Freddie attributed it to âmarket concerns over Eurozone sovereign debt default and a weak U.S. employment… Read More »Mortgage Rates Lowest Ever, Woo.
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The U.S. economy expanded at a healthy pace in the fourth quarter, though an extended salvo of Federal Reserve interest-rate hikes is seen jeopardizing growth prospects this year. Gross domestic product increased at a 2.9% annualized rate in final three months of 2022 after a 3.2% gain in the third quarter, the Commerce Department’s initial … [Read more…]
Mortgage rates are falling and builders are offering incentives to buyers, but that wasnât enough to prop up new home sales in 2022.Â
Mortgage rates for 30-year fixed mortgages increased this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 3.39 percent, up from 3.25 percent at this same time last week.
Affordability has improved in the mortgage market since December due to declines in mortgage rates and slower home price appreciation.
Youâve heard the term âno free lunch.â Well, the same is true of home loans. There is no âfree mortgage.â Sure, banks and lenders will offer deals that make it look that way. Theyâll give you a mortgage without closing costs. Or without points. But that doesnât mean itâs free. At the end of the… Read More »There Is No Free Mortgage
The post There Is No Free Mortgage appeared first on The Truth About Mortgage.
Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on…