Highest Rates This Week, But Close Enough to Long Term Lows

Weaker Conclusion But No Major Big Picture Implications Despite much stronger revisions and a modestly stronger core retail sales number this morning, bonds managed to hold mostly sideways until the afternoon hours.  At that point, lighter summertime Friday afternoon trading gave way to a mini

Mortgage Rates at Lowest Level Since October

Rates on 30-year mortgages fell to 6.58% from 6.63% last week while 15-year rates dropped to 5.71% from 5.75%, Freddie Mac said.

Appraisal Reports Getting a Major Update

Starting September, lenders will phase in a standardized, data-driven appraisal format. Agents should prepare for clearer, more consistent reports.

Housing Market Poised for Gradual Recovery

U.S. housing shows early signs of stabilization as affordability may improve slightly in 2025, an economist said. The market is gradually balancing.