Now that summer is mostly behind us, the yearly market trends should kick right back in, well, at least we hope. While the past few months have been anything but normal, they did give us the opportunity to evaluate the trends the market should be following or perhaps the new trajectory that could be with […more]
Got a project to propose for The Insider? Please contact Cara Greenberg at caramia447 [at] gmail [dot] com. The fact that the 900-square-foot apartment she shares with her husband is a rental did not stop interior designer Molly Torres Portnof of Brooklyn-based DATE Interiors from going all-out to create a distinctive space… Read More > The […more]
The final accuracy of any guess on appreciation doesn’t matter. We all know that they are just guesses. What matters is whether home buyers and sellers will make decisions today, based on what they read. If I keep showing data and forecasts that show pricing isn’t tanking between La Jolla and Carlsbad, would it cause […more]
Mortgage rates shot above 6 percent this week for the first time in 14 years as inflation has remained resistant to the Federal Reserve’s efforts to tamp it down. The dramatically swift escalation has chilled what had been a hot U.S. housing market, increasing pressure on an economy plagued by unremitting inflation. The 30-year fixed-rate […more]
Mortgage rates in the U.S. topped 6 percent for the first time in nearly 14 years. The average for a 30-year loan jumped to 6.02 percent from 5.89 percent last week, Freddie Mac said in a statement Thursday. The last time rates were above 6 percent was in November 2008, the company’s data show. This […more]
Sales are down compared to a year ago, but the median sales price is still way up from 2021. Inventory has climbed dramatically since this year’s low in February. Sales have declined 17% to 3,324 compared to 3,999 a year earlier. Prices are up 18% over the same time period, rising from $320,000 to $377,750 […more]
The weekly Freddie Mac survey is a widely followed reference point for the average rate on a 30-year fixed mortgage.
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02 percent, an average rate which is 110 percent higher than at the same time last year, 127 percent above last year’s all-time low, and the […more]
The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage rose to an average of 6.02% this week ahead of the Federal Reserve’s much-anticipated interest rate hike next week. Daily mortgage rate calculators are showing 30-year fixed rates at 6.30% and above. A year ago at this time, rates averaged 2.86%. […more]
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