Real Estate News Feed
Little Movement in Mortgage Rates
Thu, 20 Mar 2025 16:52:48 GMT
Freddie Mac reports 30-year FRM averaged 6.67% as of March 20, 2025, up slightly from last week when it averaged 6.65%. A year ago at this time, the 30-year FRM averaged 6.87%.
Home Sales Make A Come Back
Thu, 20 Mar 2025 15:04:04 GMT
Existing-home sales grew 4.2% in February to a seasonally adjusted annual rate of 4.26 million as home buyers slowly enter the market.
Jobless Claims Tick Up
Thu, 20 Mar 2025 15:03:12 GMT
In week ending March 15, claims for unemployment ticked up to 223,000, an increase of 2,000 from the prevous week.
California Housing Market Rebounds
Wed, 19 Mar 2025 14:43:11 GMT
Existing, single-family home sales totaled 283,540 in February on a seasonally adjusted annualized rate, up 11.6 percent from 254,110 in January and up 2.6 percent from 276,280 in February 2024.
Mortgage Rates Turnaround
Wed, 19 Mar 2025 14:42:09 GMT
The average US 30-year mortgage rate rose for the first time since early January, causing a pullback in refinancing and tempering purchase activity.
Mortgage Applications Decrease
Wed, 19 Mar 2025 14:41:28 GMT
Mortgage applications decreased 6.2 percent from one week earlier, according to data from the Mortgage Bankers Association.