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November 7, 2024

Mortgage Rates Continue to Rise but Still Lower than Last Year

“Mortgage rates continued to inch up this week, reaching 6.79 percent,” said Sam Khater, Freddie Mac’s Chief Economist. “It is clear purchase demand is very sensitive to mortgage rates in the current market environment. As […]
November 2, 2024

Time to Set Your Clocks Back

Daylight Saving Time in the United States: Twice a year, the United States shifts its clocks in an annual tradition known as Daylight Saving Time (DST). While some states and regions debate the relevance of […]
October 31, 2024

Mortgage Rates Increase for the Fifth Consecutive Week

“Increasing for the fifth consecutive week, mortgage rates reached their highest level since the beginning of August,” said Sam Khater, Freddie Mac’s Chief Economist. “With several potential inflection points happening over the next week, including […]
October 25, 2024

Nevada Statehood

Nevada: comes from the Spanish adjective meaning “snow-covered” or “snowy” Capital: Carson City Statehood: October 31, 1864 Nickname: “The Silver State” Washoe (the early name for Nevada) Motto: “All For Our Country” (1866) Flower: sagebrush (1917) […]
October 24, 2024

Mortgage Rates Increase

“The continued strength in the economy drove mortgage rates higher once again this week. Over the last few years, there has been a tension between downbeat economic narrative and incoming economic data stronger than that […]
October 12, 2024

Mortgage Rates Surge

“Following the release of a stronger-than-expected September jobs report, the 30-year fixed rate mortgage saw the largest one-week increase since April,” said Sam Khater, Freddie Mac’s Chief Economist. “However, we should remember that the rise […]
October 8, 2024

This is Not the Time To Take Your House Off the Market

Has your house been sitting on the market longer than expected? If so, you’re bound to be frustrated by now. Maybe you think it’s time to pull the listing and wait to see what 2025 brings. But […]
October 4, 2024

Median Prices Fall as Home Values Rise

Recent headlines have been buzzing about the median asking price of homes dropping compared to last year, and that’s sparked plenty of confusion. And as a buyer or seller, it’s easy to assume that prices are coming down. […]
October 3, 2024

Mortgage Rates Tick Up

“The decline in mortgage rates has stalled due to a mix of escalating geopolitical tensions and a rebound in short-term rates that indicate the market’s enthusiasm on rate cuts was premature,” said Sam Khater, Freddie […]
October 1, 2024

The Sweet Spot Homebuyers Have Been Waiting For

After months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet […]