Only in Alaska do single women pay lower mortgage rates than single men, according to an analysis of the most recent HMDA data.
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Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock, paper, and scissors with lumber prices and mortgage rates, mortgage rates will win. Mortgage rates have a much more significant influence on the new home sales market than lumber prices, even at their current highs.
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Mortgage rates are still meager, historically speaking, but 3.375% or higher may be enough to slow the home price growth rate â which, right now, is simply too hot. The days on the market went from 43 days last year to 21 days currently.
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Following two months of steady declines, Fannie Maeâs housing market confidence index rose 3.7 points in January to 77.7.
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Much like the changing of the calendar, buying and selling homes follows a seasonality that that those in mortgage and real estate have grown accustomed to. But a recent study from tech startup Haus found that mortgage rates can also be seasonal, and borrowers can benefit from understanding that rhythm.
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The average U.S. mortgage rate for a 30-year fixed loan fell two basis points this week to 2.65% â the lowest rate in the surveyâs near 50-year history.
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The average mortgage rate for a 30-year fixed loan fell two basis points last week to 2.77%, according to Freddie Macâs Primary Mortgage Market Survey.
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