The average homeownership tenure has more than doubled, to about eight years.
Lower mortgage rates should help more people buy new homes.
New home sales are down, even though mortgage rates are down, too. But low mortgages aren't the deciding factor when it comes to buying a home.
In the early 1980s, the Fed combated inflation by hiking interest rates to over 18 percent.
So far, homeowners are resisting cashing out.
The Mortgage Bankers Association will release some new data today on how many folks are applying for mortgages in the United States. Numbers have been down consistently for the past couple of months. Click the audio player above to hear…
And nearly a quarter of them are using a gift from family or a friend, realtors say.
Existing home sales numbers for February are out today. January sales increased 3.3 percent to a 10-year high, but economists anticipate a dip for February, although that’s still up from last year. One factor: an improving job market. Click the…