WASHINGTON (March 21, 2023) – Existing-home sales reversed a 12-month slide in February, registering the largest monthly percentage increase since July 2020, according to the National Association of REALTORS®. Month-over-month sales rose in all four major U.S. regions. All regions posted year-over-year declines. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales – completed transactions that include single-family homes, townhomes, […]

  The average rate on the 30-year fixed rate mortgage rose to 6.73 percent yesterday from 6.65 percent last week, according to mortgage buyer Freddie Mac. A year ago the rate was 3.85 percent.  Despite fluctuations, mortgage rates have been trending upward, remaining nearly double what they were a year ago “Mortgage rates continue their […]

The average 30-year fixed rate mortgage rose to 6.65 percent yesterday from 6.50 percent the week before, reported mortgage buyer Freddie Mac. A year ago the average rate was 3.76 percent.  “As we started the year, the 30-year fixed rate mortgage decreased with expectations of lower economic growth, inflation, and a loosening monetary policy. However […]

A slight decline in mortgage rates in December and January contributed to an improvement in pending home sales for the second consecutive month. That’s according to data released this week from the National Association of Realtors. The pending index for January improved 8 percent. “Buyers responded to better affordability from falling mortgage rates,” said NAR […]