Starter Home Prices See Largest Increase

Florida starter home prices have jumped since 2018, with rising rates and investor competition making it more difficult for first-time buyers.

Report: Borrowers Pounced on Autumn Rate Drops

More than 300K mortgage refinances closed in Sept. and Oct. – the most in 2.5 years – as borrowers took advantage of interest rates in the low 6% range.

U.S. Homebuying Demand Remains High

Redfin found that more buyers are in the market because they have accepted mortgage rates will remain above 6% for the foreseeable future, among other reasons.

Mortgage Rates Started Lower, But Ended Higher

Mortgage rates were having a pretty decent day at first.  The bond market was only slightly weaker overnight (implies some upward pressure on rates), but quickly improved after the Consumer Price Index (CPI) data at 8:30am ET.  Notably, CPI was right in line with forecasts--something that