News & Newsworthy

By Andrea Riquier May 5, 2023 EnvelopeFacebookTwitterLinkedinPinterest Mortgage rates slipped lower this week, even as the Federal Reserve announced it was implementing an additional interest rate hike to curb ongoing inflation. Interest rates for a 30-year fixed mortgage averaged 6.39% in the week ending May 4, Freddie Mac announced on Thursday. That’s only fractionally lower than 6.43% last week, but […]

These days, many folks are on edge over the much-feared housing recession—a dread that descended like a dark cloud last year as the real estate market seemed to seize up. But it doesn’t appear that a housing bubble is about to pop. The housing market has slowed, to be sure, after mortgage interest rates rose rapidly in the back […]

  Right out of the gate this year, it was clear that the U.S. housing market—which saw a historic decline in home sales in the second half of 2022—was no longer in free-fall mode. The market stabilized around January through a combination of improved buyer confidence, tight supply, and slight declines in home prices/mortgage rates doing just enough to improve affordability. Fast-forward […]