Latest Realty News from NAR
Instant Reaction: Mortgage Rates, June 1, 2023 Mortgage rates continued to rise this week, with the average rate on a 30-year fixed mortgage jumping to 6.79% from 6.39% in the first week of May. By: Nadia Evangelou Mortgage Financing
Instant Reaction: Mortgage Rates, May 25, 2023 Following the trend of the bond market, mortgage rates rose to an average rate of 6.57% on a 30-year fixed mortgage from 6.39% the previous week. By: Nadia Evangelou Mortgage Financing
Pending Sales in April Remained Flat from March 2023 The pending home sales pace in April 2023 showed no movement from the previous month but fell 20.3% from a year ago. By: Michael Hyman
Long-distance Movers: Why Did They Move and How? Why are homeowners moving, how did they search for their new homes, and how did they ultimately purchase their homes? By: Jessica Lautz
Instant Reaction: Mortgage Rates, May 18, 2023 With a 6.4% rate, the typical buyer can afford to purchase a home up to $380,000 – $9,000 or 2% less than the median-priced home if they put 20% down. By: Nadia Evangelou Mortgage Financing
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