What will the Future Bring?     Pent-up demand, settlement agreement will be factors.        -  Home sales in 2023 were the worst in nearly 30 years. The micro-level reasons—owners locked into low mortgage rates, low inventory, and rising interest rates—explain the fall in sales.          -  But looking at the big picture, it makes less sense. Last year’s 4...

Mortgage Interest Rates Review United Mortgage Nation  5/15/2024   30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.599 5.750 5.875 3.549 6.599 6.599 A month ago 7.250 6.620 6.499 4.628 7.250 7.250 Last week 7.125 6.250 6.125 4.490 7.125 7.125 This...

Mortgage Interest Rates Review United Mortgage Nation  5/8/2024   30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.250 5.625 5.875 3.433 6.250 6.250 A month ago 7.050 6.375 6.250 4.371 6.999 6.999 Last week 7.250 6.375 6.625 4.614 7.250 7.250 This...

Mortgage Interest Rates Review United Mortgage Nation  4/24/2024   30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.125 5.490 5.875 3.337 6.125 6.125 A month ago 6.875 6.250 6.125 4.204 6.875 6.875 Last week 7.250 6.620 6.499 4.628 7.250 7.250 This...

Top 10 Issues: Making Moves in a Complex Age (4/17/2024) 1. Geopolitical and the Global Economy - The conversation has shifted from a focus on global risks such as gas prices and commodities to pressing concerns about economic instability. - The list of stressors includes inflation, high interest rates, banking debt, and tightening liquidity, as well as the influences of AI, migration trends, hybrid...

Mortgage Interest Rates Review United Mortgage Nation  4/17/2024 30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.125 5.490 5.875 3.337 6.125 6.125 A month ago 6.799 5.999 6.125 4.069 6.875 6.875 Last week 7.050 6.375 6.250 4.371 6.999 6.999 This...

Mortgage Interest Rates Review United Mortgage Nation  4/10/2024 30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.125 5.490 5.875 3.337 6.125 6.125 A month ago 6.875 6.250 6.250 4.195 6.875 6.875 Last week 7.050 6.375 6.250 4.371 6.999 6.999 This week 7.125 6.500 6.375 4.424 7.125 7.125 Federal...

Mortgage Interest Rates Review United Mortgage Nation  4/3/2024 30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.125 5.490 5.875 3.337 6.125 6.125 A month ago 6.875 6.250 6.250 4.195 6.875 6.875 Last week 6.875 6.250 6.125 4.204 6.875 6.875 This week 7.050 6.375 6.250 4.371 6.999 6.999 Federal...

Mortgage Interest Rates Review United Mortgage Nation  3/27/2024 30 yr fx (%) 15 yr fx (%) FHA  (%) 10 yr Tr Y (%) 5 yr Arm (%) 7 yr Arm (%) A year ago 6.250 5.375 5.999 3.628 6.250 6.250 A month ago 6.999 6.375 6.250 4.320 6.875 6.875 Last week 6.999 6.250 6.250 4.434 6.875 6.875 This...

NAR Settlement & Buyer Representation (3/27/2024) Points of NAR Recent Settlement  Makes clear that NAR continues to deny any wrongdoing in connection with the Multiple Listing Service (MLS) cooperative compensation model rule (MLS Model Rule).  NAR would pay $418 million over approximately four years. To put in place a new MLS rule prohibiting offers of broker compensation on the MLS....