Mortgage rates hit their highest level in nearly a year during the last week of July, pushing the cost of housing up and buyers out of the market, a new industry report found. Processing Content There were an estimated 51.3% more home sellers than buyers in the housing market last month, just short of December’s […]

Sellers are giving pricing ground to homebuyers this summer but not all in the same way.  Processing Content A new Movoto analysis of active listing data pulled on July 14 found that 35.4% of homes across 17 major metros were now being offered below their original asking price. In the Florida cities of Fort Lauderdale

For the first time in six weeks, the 30-year fixed rate mortgage declined, but it is still 9 basis points above one year ago at this time and 69 basis points over February’s low point, the Freddie Mac Primary Mortgage Market Survey reported. Processing Content The 30-year FRM averaged 6.67% on Aug. 13, down from