Mortgage Rates Surge Ahead of Fed Rate Increase
As the nation sat and waited for the Fed to raise rates, the 30-year fixed-rate mortgage (FRM) wasted no time getting a jump on the Fed’s news, jumping to an… Read more »
5 Reasons Home Equity Loans Are Coming Back
This piece originally appeared in the April 2022 edition of MReport magazine, online now. After more than two years of a pandemic-inspired housing boom, the housing market is quickly shifting… Read more »
30-year fixed mortgage crosses 5%
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that… Read more »
Made a profit selling your home? Here’s how to avoid a tax bomb this filing season
Getty Images If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the… Read more »
Median Prices Rise in the Least Affordable Metros
San Diego recently surpassed San Francisco as the nation’s least affordable metro area, as home prices rose 14.3% year-over-year. The latest OJO Labs unaffordability report showed San Diego bypass both San Francisco and… Read more »
Soaring lumber price adds nearly $19,000 to the cost of a new home
A worker stands on the roof of a home under construction at a new housing development in San Rafael, California. Getty Images The price of lumber has been on a… Read more »
Buying a first home is tougher than ever in today’s market. Here’s what experts say it takes to be successful
Lauren Niesz purchased a new home with her boyfriend in January after they were able to save more cash during the pandemic. Source: Lauren Niesz Like many people forced to… Read more »
Mortgage rates blow past industry predictions
Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Economists had predicted rates would rise as the… Read more »
Morning Roundup (2/11/2022)– Forbearances Down, Rates Up
Good Morning! Today is Friday, February 11. Biden is moving to split $7 billion in frozen Afghan funds between 9/11 victims’ families and humanitarian aid in Afghanistan. Congress passed a bipartisan… Read more »
Originators gear up for the purchase market
This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing… Read more »