Mortgage Rates Mostly Steady Despite Some Market Volatility

Mortgage rates hit fresh long term lows yesterday with the average top tier 30yr fixed rate at the best levels since October 3rd, 2024.  There wasn't anything exceptional about the movement yesterday or on any other day in the past week.  Rather, it was the jobs report at the beginning of

Mortgage Rates at Lowest Level Since October

Rates on 30-year mortgages fell to 6.58% from 6.63% last week while 15-year rates dropped to 5.71% from 5.75%, Freddie Mac said.

Appraisal Reports Getting a Major Update

Starting September, lenders will phase in a standardized, data-driven appraisal format. Agents should prepare for clearer, more consistent reports.

Housing Market Poised for Gradual Recovery

U.S. housing shows early signs of stabilization as affordability may improve slightly in 2025, an economist said. The market is gradually balancing.