The rate on 30-year mortgages fell to 6.81% from 6.83% last week, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages dropped to 5.94%. WASHINGTON — The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than two months. The rate fell … Read more
HUD extended FHA foreclosure moratoriums through July 10, 2025, in Fla. and other areas hit by Hurricanes Milton and Helene, giving families more time to seek help. WASHINGTON — U.S. Department of Housing and Urban Development (HUD) Secretary Scott Turner recently announced the Federal Housing Administration (FHA) is extending by an additional 90 days its … Read more
The average rate on a 30-year mortgage rose to 6.83% from 6.62% last week, while rates on 15-year mortgages increased to 6.03% from 5.82%. WASHINGTON — The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring … Read more
A new Realtor.com survey finds potential sellers think it’s a good time to sell, with most expecting to get asking price despite mortgage rate concerns. AUSTIN, Texas — Sellers across the U.S. are optimistic heading into this year’s Best Time to Sell with 70% of potential sellers thinking it is a good time to sell, … Read more
LOS ANGELES — This spring homebuying season is shaping up to be more favorable for home shoppers than it’s been in recent years — as long as they can afford to buy. Home prices are rising more slowly. Mortgage rates remain elevated but have been mostly easing and could be headed lower. Most importantly, the … Read more
Before cutting a listing’s price, agents should review marketing, market conditions, property type, demand, seller motivation and seasonality. NEW YORK — Before deciding on a price reduction for a listing, real estate pros should evaluate several key factors. First, ensure the property has been marketed effectively with quality photos, accurate descriptions and an optimized listing. … Read more
Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago), NAR said. Multigenerational home buying is rising. WASHINGTON — In a shift that underscores changing dynamics in the housing market, baby boomers now make up the largest generational group of home buyers, according to … Read more
Sales of newly built, single-family homes in February increased 1.8% thanks to slightly lower mortgage rates. Inventory was up 7.5% compared to a year earlier. WASHINGTON — A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as … Read more
NAR’s new Consumer Guide explains homeowners associations (HOAs), covering fees, rules and other important information, helping buyers make informed decisions. ORLANDO, Fla. — Living in a community with a homeowners association comes with benefits and responsibilities that may be unfamiliar to buyers, particularly to first-time owners. HOAs are designed to maintain the standards and integrity … Read more
Home staging boosts appeal and value, with 81% of agents saying it helps buyers visualize a home. Effective staging may help sell homes faster and at higher prices. NEW YORK – Home staging and detailed checklists can help real estate professionals prepare a home for listing. The more agents understand staging, the better prepared they … Read more
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