Mortgage Archive

REALTORS® Report Stronger Buyer Traffic as Affordability Improves

With mortgage rates on the decline and home prices appreciating at a slower pace, REALTORS® reported that homebuying traffic increased in February 2019 compared to one year ago, according to NAR’s February  2019 REALTORS® Confidence Index Survey.[1] The REALTORS®...

December 2018 Housing Affordability Index

At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent compared to 4.22 percent a year...

Planning to Buy a Home in 2019?

Mortgage rates are starting off 2019 at very good levels. In fact, mortgage rates declined, starting the new year with the 30-year fixed rate mortgage dipping to 4.5 percent last week from 5 percent a month ago, according to mortgage...

October 2018 Housing Affordability Index

At the national level, housing affordability is down from last month and down from a year ago. Mortgage rates rose to 4.88 percent this October, up 18.7 percent compared to 4.11 percent a year ago. Housing affordability declined from...

With Higher Mortgage Rates, REALTORS® Expect Slightly Weaker Market Conditions Over the Next Six Months According to NAR October 2018 Survey

With interest rates on the rise, REALTORS® expect the housing market to slightly weaken over the next six months compared to current conditions, according to NAR’s  October 2018 REALTORS® Confidence Index Survey. For the first time since January 2012,...