Industry Outlook

Mortgage Rates Top 6% for First Time Since 2008 According to Freddie Mac, the interest rate for the 30-year fixed-rate mortgage crossed a major threshold recently, hitting 6.02%, the first...

Mortgage Rates Rise Again, Nearing Affordability Threshold According to Freddie Mac reports, mortgage rates continued inching up recently, nearing a threshold that would bring the average American household to a…

Mortgage Rates Settle In the 5% Range According to Freddie Mac reports, mortgage rates appear to be settling in the 5% range after recent dramatic climbs that shocked home buyers....

Possible Economic Downturn Likely to Be Mild According to Lawrence Yun, chief economist for the National Association of REALTORS®, the country isn’t officially in a recession yet despite two consecutive...

Yun to Lawmakers: Market Won’t Improve Without Action on Supply According to Lawrence Yun’s (chief economist for the National Association of REALTORS®) statements to the Senate Committee on Banking, Housing...

New-Home Costs Rising at Unparalleled Rate Based on Bank of America’s Who Builds the House report, inflation is pushing up homebuilding costs at an unprecedented rate. Supply-chain disruptions and labor...

Mortgage Rates Rise Modestly According to Freddie Mac, mortgage rates inched closer to 6% recently. Borrowing costs are mounting higher and higher for potential home buyers, who now find themselves…

Homeowners See 12-Month Equity Gain of $64K According to a new report from CoreLogic, rising home prices keep pushing up equity for homeowners. The average homeowner gained about $64,000 in…

Mortgage Rates Drop from Recent Highs Based on Freddie Mac reports, after weeks of rising rates, mortgage rates are now falling. The 30-year fixed-rate mortgage averaged 5.10% recently. “Mortgage rates…

Homeowners Undeterred by Rising Costs for Remodeling – According to a new Nationwide survey of 1,000 homeowners, seventy-one percent of homeowners who have upcoming house projects say they expect to…