Mortgage rates ended the week 7 basis points lower, as borrowers took advantage of a brief dip in the 10-year Treasury yield, Freddie Mac found. Processing Content The 30-year fixed rate mortgage averaged 6.23% as of April 23, versus 6.3% seven days prior and 6.81% for the same week last year, its Primary Mortgage Market […]
Mortgage rates at lowest in three spring purchase seasons Read More »
Toll Brothers, one of the largest homebuilders in the United States, is acquiring a private homebuilder based in Fayetteville, Arkansas. Processing Content Headquartered in Fort Washington, Pennsylvania, Toll Brothers’ purchase of Buffington Homes of Arkansas will expand its national footprint with a strong presence in northwest Arkansas, the company said in a press release Tuesday.
Toll Brothers acquires private Arkansas homebuilder Read More »
The first-ever DREAM transaction has closed with owners of a Chicago home receiving a check for over $41,000 to help pay down a portion of the principal on their existing mortgage. Processing Content The funds reduce the amount of principal the borrowers pay, but the note holder still receives the full sum. In turn, this
First closing of principal discount tool gives banks, CUs a lock-in exit Read More »
With mortgage rates at their lowest March level in years, home sales surged last month, new industry data shows. Processing Content March home sales increased 31.6% from February, the largest month-over-month jump since 37.4% in 2023, according to Remax’s latest national housing report. Sales were up 3.4% compared to last year. “March’s increase in sales
Home sales soared in March before rates climbed back up Read More »
Pending sales of previously owned US homes climbed for a second month in March as a pickup in inventory helped mitigate higher borrowing costs. Processing Content An index of contract signings increased by 1.5% to a four-month high of 73.7, according to National Association of Realtors data released Tuesday. The median forecast of economists surveyed
Pending home sales climbed in March on improving supply Read More »
Second-home purchases in the U.S. show signs of pulling back in the years after their pandemic peak, with more than half of national volume currently concentrated in eight states. Processing Content In 2024, the total number of second homes came in at 6.2 million, representing 4.3% of total housing stock, according to an analysis of
Second-home volume shrinks from pandemic-era highs Read More »
With mortgage rates still hovering above 6% and far greater than those seen during the pandemic, homeowners are choosing to renovate their homes rather than move. Processing Content About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin that was
Lock-in effect drives home renovation boom, Redfin says Read More »
Homeowners associations filed the equivalent of one lien every 90 seconds in 2025 against residents, with rising numbers hinting at growing consumer financial stress, which was particularly high in some regions of the country. Processing Content In total, HOAs issued 284,933 liens in 2025, an 8.6% jump from the 262,446 delivered a year earlier, according
HOA liens have surged amid rising owner costs Read More »
The majority of homebuyers now expect artificial intelligence to play a role in the buying process but their trust in it is diminishing. Processing Content Three-quarters of buyers assume AI has already been embedded in the housing ecosystem, according to a new study from Cotality. But 55% of buyers in the United States would prefer
Buyers expect AI in mortgages, but trust is slipping Read More »
Mortgage rates fell 7 basis points this week to their lowest point in four weeks, as investors reacted to news the conflict with Iran might soon be resolved. Processing Content The 30-year fixed-rate mortgage averaged 6.3% as of April 16, down from last week’s 6.37%, the Freddie Mac Primary Mortgage Market Survey found. A year
Mortgage rates hit 4-week low on Iran conflict news Read More »