Has residential housing supply finally bottomed? Are we finally going to see more single-family homes hit the market, after years of slim pickings? Perhaps, if… Read More »Big Jump in Homeowners Saying They’ll Sell in the Next Three Years
More news on the mortgage rate lock-in effect, this time from Zestimate creator Zillow. The company conducted a survey and found that homeowners with a… Read More »Zillow Says Homeowners Twice as Likely to Sell If Their Mortgage Rate Is Above 5%
While bulls and bears continue to argue the health of the housing market, a new report revealed that most existing homeowners are in a really… Read More »Nearly Half of Homeowners with a Mortgage Are Equity Rich
Another day, another affordable home loan program launches, this time “OneDown” from Guaranteed Rate. As the name implies, you only need to put 1% down… Read More »Guaranteed Rate OneDown: The Latest 1% Down Mortgage + $1,000 Toward Lender Fees
It’s no secret that homes just aren’t as affordable as they used to be. An unwelcome combination of significantly higher mortgage rates coupled with ever-higher… Read More »Homebuyer Assistance Programs: What’s Available These Days and Who Qualifies?
You may have heard the phrase mortgage rate lock-in effect lately. As a quick refresher, it’s a homeowner’s unwillingness to give up an ultra-low mortgage… Read More »The National Average Mortgage Rate Lock-In Effect Is Worth $55,000
It’s been a tough year for the mortgage industry, with origination volume down substantially from the boom years of 2020 and 2021. Even 2022 was… Read More »Carrington Mortgage Launches a 40-Year Mortgage to Tackle Affordability Concerns
There’s been a lot of speculation that home prices would crash as mortgage rates surged. The argument was especially convincing after the 30-year fixed climbed… Read More »Wondering Where Home Prices Go Next? Look at Inventory, Not Mortgage Rates
The mortgage deals keep coming, the latest being the new “U.S. Bank Access Home Loan,” which comes with up to $12,500 in down payment assistance… Read More »U.S. Bank Access Home Loan Offers Up to $12,500 in Down Payment Assistance and a $5K Lender Credit
Late last year, Zillow said home prices needed to come down about 25% to become affordable again. Around that same time, mortgage rates hit their… Read More »Why Are Home Prices Not Dropping?
