Based on data compiled by Credible, mortgage rates for home purchases have fallen across all key terms since last Friday.

  • 30-year fixed mortgage rates: 5.875%, down from 6.125%, -0.250
  • 20-year fixed mortgage rates: 5.500%, down from 5.875%, -0.375
  • 15-year fixed mortgage rates: 5.250%, down from 5.490%, -0.240
  • 10-year fixed mortgage rates: 5.250%, down from 5.875%, -0.625

What this means: Mortgage rates for home purchases fell significantly for all key terms over the weekend, with 30-year rates diving below the 6% mark. Borrowers may want to lock in a 30-year rate today, ahead of likely rate fluctuations. But homebuyers who want to take advantage of interest savings may want to consider 20-year rates, which are more than a quarter…

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Based on data compiled by Credible, mortgage rates for home purchases have fallen across all terms since yesterday. 

  • 30-year fixed mortgage rates: 6.000%, down from 6.375%, -0.375
  • 20-year fixed mortgage rates: 5.750%, down from 5.875%, -0.125
  • 15-year fixed mortgage rates: 5.375%, down from 5.750%, -0.375
  • 10-year fixed mortgage rates: 5.875%, down from 6.000%, -0.125

Rates last updated on March 14, 2023. These rates are based on the assumptions shown here. Actual rates may vary. Credible, a personal finance marketplace, has 5,000+ Trustpilot reviews with an average star rating of 4.7 (out of a possible 5.0). 

What this means: Mortgage rates for home purchases fell across all repayment terms today, giving buyers…

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 It is looking like the housing market is getting back to normal.

Scripps News reports existing home sales have been trending downward for about a year straight. That data usually points to the market starting to bottom out, but experts say this may just be the market getting back to how it was before the pandemic.

According to Re/Max, at the end of last month, Nashville is leading in the number of listings popping up nationwide. The city also saw about 45% more homes listed compared to last year.

Experts are saying across-the-board sales may pick up again in May, according to Scripps News. Usually, there are more houses and people buying in the spring.

Also, without knowing what next year looks like and with big things going…

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A report from the NAR found that the median down payment on a house in 2022 was a lot less than 20%.

The cost of purchasing a home is steep, but it may not be quite as expensive as many people think.

A report from the National Association of Realtors (NAR) found the median down payment amount in 2022 was 13% of the home's purchase price. Younger homebuyers put down even less — 8% among younger millennials (age 23-31) and 10% among older millennials (32-41). While this still represents a major financial commitment, these types of down payments are far less than the 20% that nearly half of Americans who have never owned a home believe is necessary (according to a survey from LendingTree).

Below, CNBC Select looks at when making a smaller…

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First-time homebuyers already feeling the pinch of inflation could catch a break after a recent action that will trim mortgage insurance premiums on federally backed loans. 

Loans secured with the backing of the Federal Housing Administration (FHA) typically enable buyers who are otherwise unable to afford a home to compete in the market without putting up a hefty down payment of at least 20 percent.

“A lower mortgage insurance premium on FHA loans is good news for buyers, especially those buying their first homes and with less-than-perfect credit,” Zillow Senior Economist Nicole Bachaud told The Hill.  

“As most mortgage buyers put down less than 20 percent, mortgage insurance is typically an expensive addition to their monthly payments that can…

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67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news. Current data shows today’s market is nothing like it was before the housing crash in 2008.

Back Then, Mortgage Standards Were Less Strict

During the lead-up to the housing crisis, it was much easier to get a home loan than it is today. Banks were creating artificial demand by lowering lending standards and making it easy for just about anyone to qualify for a home loan or refinance an existing one.

As a result, lending institutions took on much greater risk in both the person and the mortgage products offered. That led…

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A strange topic for a blog post I know, but for the past month I have felt like I have been living in the Twilight Zone dealing with ever increasingly aggressive rabbits….

Blame the unusual weather patterns, pesticides, or sheer malicious intent; any and all reasons end with one undeniable fact: The rabbits  are out of control and they are Hell-bent on taking one of us with them when they go…

On any given morning, just as the night gives way to the light of day you can see them waiting in the bushes just off the side of local neighborhood roads. Carefully you head down the street, eyes peeled, the radio playing lightly in the background….. And “BOOM!”

Another rabbit shoots out into the road, darting directly under your tires trying to end its…

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A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes.  

Twenty-eight million Americans plan to purchase a home in 2023, according to a survey released Tuesday by NerdWallet, the personal finance company. On average, they hope to spend $269,200. 

But that figure falls more than $100,000 short of the median home price, which was $388,100 in December, according to the real estate brokerage Redfin. Home prices crossed the $269,000 threshold sometime in 2013, Federal Reserve statistics show. 

If prospective homebuyers sound oddly optimistic about prices, that may be because they are pessimistic about the state of the housing market. Two-thirds of Americans…

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What began as an extension of 2021’s high-flying real estate frenzy soon enough tumbled and fell to a near standstill by the Federal Reserve’s hiking of interest rates, rendering borrowing costs too pricy for most would-be homebuyers, who, no matter how hard they tried, couldn’t bend the numbers to their will. 

As rates rose, existing-home sales fell, builders pumped the brakes, price growth decelerated, and property sat on the sidelines far longer than forecasted. Real estate companies, meanwhile, braced for lean times after riding high through most of 2020 and 2021, with thousands of workers laid off and quarterly earnings reports showing losses — in some cases, to an unprecedented degree. 

To better measure an immeasurable 2022, we searched high…

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KIRKLAND, Washington (January 6, 2023) – Last year was a tale of two housing markets, suggested broker Dean Rebhuhn in commenting on the latest statistics from Northwest Multiple Listing Service.

  •          In the first half of the year, we had low interest rates, rising prices, and little inventory
  •          The second half of the year brought increasing interest rates, some lowering of prices, and increasing inventory
  •          The local housing market in 2022 ended with a whimper rather than a bang
  •          Overall, the housing market is going to continue falling off the artificial ‘sugar high’ that was a function of the artificially low mortgage rates during the pandemic
  •          Gardner, the Windermere economist, expects prices will…

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