Last week, the average 30-year fixed-rate mortgage rose to 4.16 percent, while the Federal Reserve raised the federal funds rate for the first time in a year, and only the second time this decade. How does this affect homebuyers? Redfin is on the record predicting that in 2017, rates won’t average above 4.3 percent for […]
Rising Mortgage Rates: Homebuyers Are More Resilient Than You Might Think Read More »
Mortgage rates were up this week, averaging 4.16 percent for a 30-year, fixed-rate loan, up from 4.13 percent last week. Last year at this time, the rate was 3.97 percent, according to Freddie Mac. As recently as late October, the 30-year fixed was at 3.47 percent, so the current rate does mark a notable hike.
The Fed Raised Rates, So What Will Happen With Mortgages? Read More »
Home prices posted the largest gain in 14 months.
No Holiday for the November Housing Market as Home Prices Climbed Nearly 8 Percent Read More »
Politics will play a larger role in next year’s housing market than in years past. Here’s what you can expect.
Redfin’s Seven Housing Predictions for 2017 Read More »
Yes, homebuyers have seen mortgage rate increases of over half a percent in the past three weeks. But according a Redfin survey, most are still buying.
How Will Homebuyers React to Mortgage Rate Increases? Read More »
The Redfin Housing Demand Index, based on thousands of Redfin customers requesting home tours and writing offers, declined 3.5 percent from September to a seasonally-adjusted level of 100 in October. A level of 100 represents the historical average for the three-year period from January 2013 to December 2015, meaning that demand in October was at
Housing Demand Cooled in October, Dropping to a Three-Year Average Read More »
