Real Estate, a category that contains news about some few things such as buying, selling and rent real estate as well as the market and trends in the industry
This week, mortgage rates fell as inflation data suggested that they may have peaked. Average 30-year fixed-rate mortgage rates were 6.61% last week, compared to 7.08% last week. The 30-year FRM averaged 3.00% a year ago. Average 15-year fixed rate mortgage rates were 5.98%, which is down from 6.38% last week. The average 15-year FRM was 2.39% …
September saw home prices fall again due to rising mortgage rates and a decrease in demand. The September S&P CoreLogic Case-Shiller Index showed that prices fell 1% in September compared to August. This was the third consecutive monthly drop. The index rose 10.6% in September compared to a 12.9% monthly rate. Craig Lazzara (managing director, S&P …
For the third consecutive month, September saw a drop in US home prices Read More »
