“The housing recovery keeps chugging along despite the recent market hysterics around Taper Talk, which caused mortgage rates to jump over the past month,” said Frank Nothaft, vice president and chief economist at Freddie Mac. “We won’t...
Mortgage rates hit another record low according to mortgage giant Freddie Mac, the average rate on the 30-year fell to 3.34%, 0.06 percentage point lower than last week. The 15 year fell 0.04 percentage point to 2.65%
The new lows reflec...
Prices for single-family homes rose in 81 percent of U.S. cities as the property market extends a recovery from the worst crash since the 1930s.
The median sales price increased in the third quarter from a year earlier in 120 of 149 metr...
The biggest source of funding for low-down-payment condo mortgages, the Federal Housing Administration, has revamped controversial rules that caused thousands of buildings across the country to lose their eligibility for FHA financing.
Makin...
Existing-home sales continued to improve in August and the national median price rose on a year-over-year basis for the sixth straight month, according to the National Association of Realtors®.
Lawrence Yun, NAR chief economist, said favora...
