Buyers and sellers are feeling a shift in the housing market

Jul 27, 2022
In some markets, sellers can no longer bet on multiple offers and quick deals, and buyers can afford to be pickier.
Mortgage rates have climbed, and the real estate market has cooled.
Justin Sullivan/Getty Images

Why mortgage rates have dipped slightly

Jul 8, 2022
Mortgage rates have fallen by half a percent over the last two weeks, according to Freddie Mac. One reason? Demand for homes has been slowing.
Freddie Mac headquarters in McLean, Va.
Stefan Zaklin/Getty Images

As real estate market changes, broker counsels buyers and sellers to think different

Jul 4, 2022
For buyers, the competition is less fierce, but some sellers still have "pie in the sky" hopes.
The median sale price was $407,600 in May, and mortgage rates have climbed. Some would-be buyers are finding the market less affordable, yet sellers have lost some leverage, says Amanda Pohlman of Keller Williams in Cleveland.
Joe Raedle/Getty Images

Are rising mortgage rates already cooling the hot real estate market?

Jun 20, 2022
The number of pending sales is down from last year, but homes are still selling quickly.
Mortgage rates have doubled since a year ago to about 6%, but homes are still selling swiftly.
Frederic J. Brown/AFP via Getty Images

The housing market is finally starting to cool off

Jun 16, 2022
Mortgage rates are up. Realtors are being laid off.
High mortgage rates means reduces the pool of potential homebuyers. Fewer buyers could mean houses are on the market longer, which could prompt sellers to reduce prices.
Chris Delmas/AFP via Getty Images

Why mortgage rates have been falling recently

May 31, 2022
They're sliding even though the Federal Reserve has been raising interest rates this year.
Given how much mortgage interest rates have risen over the last year, demand could be slowing down.
Justin Sullivan/Getty Images

Rising interest rates and soaring home prices put mortgage payments out of reach for many

May 26, 2022
The median payment on a new mortgage increased almost 9% from March to April.
Pending home sales declined by 3.9% in April, the sixth consecutive monthly drop.
Scott Olson/Getty Images

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Rising interest rates increase the appeal — and the risk — of ARMs

May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images

What the Fed’s rate hike means for one community bank

May 5, 2022
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
The Belltown Branch of Sound Community Bank, which is headquartered in Seattle, Washington.
Courtesy of Sound Community Bank

The mortgage business has "come to a screeching halt"

Apr 26, 2022
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
"The market was just too crazy," said mortgage broker Vivian Gueler. "The low rates drove up too much business, too much demand — and the prices, ultimately."
Justin Sullivan/Getty Images