‘Lock-in Effect’ Appears to be Giving Way, According to Zillow
A new report by Zillow shows that sellers are in a more advantageous position than buyers, so much so that ...
Tag: Mortgage Rates
Average Mortgage Rate Continues to Decrease
The average 30-year-fixed rated mortgage continued edging downward this week, lowering from last week’s 6.89% to 6.87%, according to the ...
Refinance Applications Reach Highest Point Since October
With mortgage rates still hovering at recent lows, this week saw another increase in mortgage applications, increasing 2.3% from last ...
Mortgage Rates Continue Edging Downward
While mortgage rates have remained elevated in recent weeks, it appears the recent potentially market-shifting events such as the announcement ...
Mortgage Applications Increase This Week Following 6-Week Low in Rates
While mortgage rates are still hovering just under 7%, the average fixed rate hit a six-week low this past week, ...
Here’s What Moves Mortgage Rates—and Why It’s Not Always the Fed
When the Federal Reserve raises or lowers its benchmark interest rate, many people expect mortgage rates to follow suit. But ...
Tariffs, Likely to Be ‘Inflationary,’ Face Uncertain Future
On Sat., Feb. 1, President Donald Trump imposed previously promised tariffs, implementing a 25% tax on imported goods from Mexico ...
Fed’s Preferred Inflation Gauge Rose Again at the End of 2024
The Federal Reserve declined to cut interest rates any further at its latest meeting—and the Fed’s preferred inflation metric now ...
Mortgage Rates Edge Downward, Little Change From Last Week
Mortgage rates inched lower this week, still hovering below 7% but showing little change since earlier this month. The latest ...
Decline in Refinance Activity Drove Mortgage Applications Lower This Week
Mortgage industry experts pointed to a drop in refinance activity as the overall driver of home purchase applications decreasing this ...
Why a Shift From ‘I Have to’ to ‘I Get to’ Can Make All the Difference
Think about how the term “I get to” makes you feel. It denotes positivity, opportunity, even excitement. You get to do something, like it’s a treat, which completely transforms your motivation to do whatever it is. Read more.
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