For the first time since July, mortgage rates pass 3%
The average mortgage rate for a 30-year fixed loan rose 5 basis points last week to 3.02%, marking the first time since July that the industry has…
Category: mortgage rates 2021
Women pay higher mortgage rates in 49 states
In Mississippi, single women on average paid 3.47% on a 30-year, conventional fixed-rate mortgage in 2019. But single men on average paid 3.37%, according to…
Even with high lumber prices, new home sales beat
Extreme increases in lumber prices have caused some people to go bearish on new home sales. Not this one! If we play a version of rock,…
Existing home sales are still too hot
The National Association of Realtors reported that existing home sales for January were at 6,669,000, which beat estimates. The year-over-year growth was an impressive 23.7%.…
Mortgage rates jump to 2.81%
After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point…
We need higher mortgage rates to cool the housing market
The years 2020-2024 will have the best housing demographics ever recorded in U.S. history, with the lowest mortgage rates recorded in history. When you have…
Fannie Mae reports rising confidence in housing market
Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or…