A few years ago,Americans were leaving disaster-prone statesin the thousands. That trend has turned around, particularly in states like Texas and Florida. High-fire-risk counties, many of which are in Texas, saw over 63,000 people moving in rather than out in 2023, aRedfin studyfound. Hig...
“Now, the 30-year fixed-rate hovers around 6.5% and will likely trend down in the coming months as inflation continues to slow. Lower rates are good news for potential buyers and sellers alike.” Related Stories Average rate on a 30-year mortgage in the US rises for fifth...
Still, mortgage rates could generally ease in coming weeks if bond yields continue declining in anticipation of a Fed rate cut. “Although volatile, we should see 10-year Treasury rates continue on a downward trend and, as a result, a slow decline in mortgage rates throughout the re...
"While we expect the long-run trend in mortgage rates to be downward, recent weeks have brought volatility," said Ralph Mclaughlin, senior economist at Realtor.com. Generally, higher rates reflect the strength in the economy, which helps support the housing market...
The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome trend for prospective home buyers during what’s typically a less competitive time of the year for the housing market. The rate dropped to 6.6% from 6.69% last week, mortgage buyerFreddie...
Rates last updated on June 25, 2021. These rates are based on the assumptions shownhere. Actual rates may vary. What this means:Mortgage rates maintained a downward trend for most of this week after a spike last week. Today, 30-year, 15-year and 10-year terms match the rates seen this...
Fannie Maeresearchers anticipate mortgage rates to trend slightly higher this year, citing an ongoing rise in the 10-year Treasury yield. Ultimately, though, Fannie Mae experts believe lenders will "absorb" some of the elevated costs as "refinance demand gradually wanes" — keeping rates at relati...
"While we expect the long-run trend in mortgage rates to be downward, recent weeks have brought volatility," said Ralph Mclaughlin, senior economist at Realtor.com. Generally, higher rates reflect the strength in the economy, which helps support the housing market. But as mortgage rates rise ...
“Although volatile, we should see 10-year Treasury rates continue on a downward trend and, as a result, a slow decline in mortgage rates throughout the rest of the year,” said Ralph McLaughlin, senior economist at Realtor.com. Record-high home prices and...
A major factor is many homeowners who bought or refinanced more than two years ago are reluctant to sell now and give up their fixed-rate mortgages below 3% or 4% — a trend real estate experts refer to as the “lock-in” effect. As of the end of last year...