Pending Home Sales Fall for the First Time Since November

Pending Home Sales Fall for the First Time Since November

The numbers: Contract signings on U.S. homes fell for the first time since last November, as buyers faced a tough market in March due to an undersupply of houses. U.S. pending-home sales fell 5.2% in March, according to the monthly index released Thursday by the...
Instant Reaction: Mortgage Rates Feb. 22, 2023

Instant Reaction: Mortgage Rates Feb. 22, 2023

Mortgage rates increased further this week, following the bond market trend. According to Freddie Mac, the average rate on a 30-year fixed mortgage rose to 6.50% from 6.32% the previous week. Even with this increase, owning a home is still affordable for Americans if...