Instant Reaction: Mortgage Rates, May 23, 2024

Facts: The 30-year fixed mortgage rate from Freddie Mac averaged 6.94% over the last week. At this rate, with 20% down, a mortgage payment on the median-priced $433,500 new home is $2,293, and $407,600 on an existing home is $2,156. Positive: Mortgage rates eased and are now below 7%. This helps buy

Unveiling the Greener Future: Insights from the 2024 Sustainability Survey - Residential

In March 2024, the National Association of REALTORS® conducted a survey to determine the state of the housing market regarding sustainability. The study's results suggest that the industry is right at the beginning of a “green revolution.” Green Data Fields: Illuminating Sustainable Features Four in

April 2024 Existing-Home Sales Take a Step Back

NAR released a summary of existing-home sales data showing that housing market activity this April declined 1.9% from March 2024. April’s existing-home sales reached a 4.14 million seasonally adjusted annual rate. April sales of existing homes declined 1.9% from April 2023. " data-src="https://cdn.n