Lowest Rates in Over a Month, But There's a Catch

Interest rates are driven by the bond market and bonds are at their best levels in over a month. As such, it's no surprise that mortgage rates are able to make a similar claim.  In fact, we'd need to go back to December 20th to see a lower average rate for top tier 30yr fixed mortgages. The cat

Mortgage Rates Ease for Second Week

The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% from 6.16% last week.

Pending Home Sales Fell 5.5% in December

All four U.S. regions saw month-over-month transaction losses, NAR’s chief economist said. High mortgage rates haven’t reduced demand, thanks to more cash deals.

Redfin: Typical Home Sells in Nearly 2 Months

Homes are taking longer to sell largely because housing costs are so expensive and there’s a limited supply, Redfin said. It’s the slowest pace in 5 years.