article thumbnail

Mortgage rates reach highest level since 2018

Housing Wire

That was the highest reading since December 2018, according to Freddie Mac. The post Mortgage rates reach highest level since 2018 appeared first on HousingWire. The latest weekly Freddie Mac PMMS mortgage survey, released Thursday, showed that the average purchase mortgage rate touched 4.67%, up 25 basis points from the week prior.

article thumbnail

Home-price index gains the most since 2018

Housing Wire

in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. advance in the prior month, and it was the largest annual gain since December 2018. The post Home-price index gains the most since 2018 appeared first on HousingWire.

Inventory 542

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fed Hikes Rates For First Time Since 2018 

Appraisal Buzz

To counter high inflation, the Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, increasing the benchmark Federal Funds Rate by 0.25%, to a target range of between 0.25% and 0.50%. The post Fed Hikes Rates For First Time Since 2018 appeared first on Appraisal Buzz.

Appraisal 150
article thumbnail

Buyers’ Perceptions of Housing Availability Fall Back to 2018 Levels

Eyes on Housing

After five straight drops, the share is now 17% – a level not seen since 2018. At its peak in the 4th quarter of 2020, 36% expected the home search to get easier in the months ahead. In contrast, 74% expect the search for a home to get harder/stay the same. Read More ›

Buyers 187
article thumbnail

Fall 2018 Elliman Magazine - Market Update

Miller Samuel

The Fall 2018 Issue of Elliman Magazine was just released and as usual, I provided a two-page spread showing interesting (my definition, lol) of what is going on in some of the markets under their national footprint. The magazine is well done and a fun aspirational read. click to expand]. Here's the full online version of the magazine:

Marketing 195
article thumbnail

Low-income buyers’ mortgage applications drop to 2018 levels


Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023.

Buyers 161
article thumbnail

Mortgageball: Making a profit on $10,500 a loan

Housing Wire

The promises of the 2018 housing industry aren’t the promises of today. That hot tech thing or product that you had to have in 2018? Join us at The Gathering 2025 in Denver, CO, June 8-11. Go here to lock in special pricing with your registration. Nobody’s talking about that anymore.

Contracts 420