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Read more: October sees 29% drop in new home mortgage applications In addition, among homes purchased with financing in Q3, the median loan amount was $315,000, down 4.5% from $330,000 the previous quarter, following 10 straight increases.…
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The average long-term mortgage rate has dipped by almost 0.5%, Freddie Mac reported on Thursday. Still, imminent rate hikes in the coming months may keep potential homebuyers from the market.Recent data Freddie Mac revealed that the average…
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Amid this slowdown, home prices have continued to climb, with the national median rising 6.6% to $379,100 from a year earlier. While this is 8% below the peak recorded last June, it is still 40% above October 2019. “That’s really hurting…
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