Monday the 5-year yield opened a little higher, Tuesday a little lower, Wednesday a little higher, yesterday a little lower, so do I even need to say that the opening today was a little better? Processing Content Crude being down more than $7 didn’t hurt and then just minutes ago a headline reading Iran’s Foreign […]
Yields sink as oil drops, Iran opens Hormuz strait 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 »
Purchase activity soared to kick off the spring market this year as climbing rates didn’t dampen momentum over last year’s tepid start. Processing Content Those mortgage locks in March were up 38% from February and 20% greater from the same time last year, according to Optimal Blue’s latest Market Advantage Report. Home buyers accounting for
Spring purchase activity jumps despite climbing rates Read More »
If you’re a Realtor or loan officer advising today’s homebuyer, your role has never been more important, or more misunderstood. Many buyers are sitting on the sidelines with the same belief: “I’m going to wait until interest rates come down.” On the surface, that sounds reasonable. But as professionals, it’s our responsibility to help clients
The myth of the “perfect market” and the cost of waiting Read More »
With economic headlines, global events, and near constant talk about affordability, you may be wondering if this is the right time to move. But here’s what you need to remember. While recent events do have some impact on the housing market, they don’t take buying off the table. You just have to use a different
Wondering If You Should Still Buy a Home Right Now? Here’s What To Keep in Mind. Read More »
Is housing inventory about to go negative? Since mid-June 2025 I’ve been writing that housing market dynamics have shifted, which we could already see in our HousingWire data while it might take other sources six to nine months to show that. This shift should create some negative year-over-year inventory in 2026 and if the Iran
Is housing inventory about to turn negative year over year? Read More »
Inflation related to the Iran conflict caused the panel of economists surveyed by Wolters Kluwer to moderate their views on growth and short-term rate cuts. Processing Content The April survey for the Blue Chip Economic Indicators took place before the ceasefire announcement, let alone Friday morning’s release of Consumer Price Index data. The Bureau of
War, oil and inflation: What it means for rates Read More »
Mortgage rates backed off their recent 2026 high this week after concerns over an escalation of the Iran War temporarily subsided, but the numbers don’t necessarily mean an end to ongoing volatility, economists warned. Processing Content The 30-year fixed average decreased 9 basis points to 6.37%, according to Freddie Mac’s Primary Mortgage Market Survey of
Iran ceasefire brings brief reprieve for mortgage rates Read More »
With mortgage rates spiking over the last few weeks, many homeowners are unwilling to give up their current rate, a new industry report showed. Processing Content Roughly a third of homeowners with a mortgage rate less than 6% would not give up their rate for any reason, and 47% said they couldn’t afford current rates,
Rate lock-in: 1 in 3 owners won’t budge at any price Read More »
If you’ve been looking for a home lately, you’ve probably felt how tough affordability still is. And that’s exactly why more buyers are opting for adjustable-rate mortgages, or ARMs. Here’s what you need to understand about how they work, and whether they make sense for you. What Is an Adjustable-Rate Mortgage? Since a lot of
Thinking About an Adjustable-Rate Mortgage? Here’s What You Need To Know. Read More »