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A gauge of U.S. pending home sales unexpectedly rose in May for the first time in seven months, a mere respite in an otherwise downward trend for housing as mortgage rates climb. The National Association of Realtors’ index of pending home…
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As a result of the pandemic, lower housing costs have become the primary motivator for long-distance moves as opposed to employment reasons, a Freddie Mac research paper found. But relocation of any distance was at a 73-year low in 2021,…
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However, he added: “In a market where the predominance of cash-out refinancing will end up with households having a higher interest rate than they currently have, one of the things you want to be careful of is to ensure that they are not…
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