Real Estate Market Updates : : April 2022

Friday, April 15, 2022

Average Mortgage Rates Hit Five Percent

Yahoo Finance:

Wall Street Journal:

Freddie Mac's Economic & Housing Research Group

Primary Mortgage Market Survey®
U.S. weekly averages as of 04/14/2022

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following link for the Definitions. Borrowers may still pay closing costs which are not included in the survey.

Source: https://www.freddiemac.com/pmms

Original Article, print PDF 4-15-22: https://drive.google.com/file/d/1wXQfkhmjP04YTZR1wpIfQsNOIY2bV0PS/view?usp=sharing

Friday, April 8, 2022

U.S. Home Affordability Report (First-Quarter, 2022)(ATTOM)

Home Affordability Gets Tougher Across the U.S. As Prices and Mortgage Rates Surge

ATTOM, a leading curator of real estate data nationwide for land and property data, released its first-quarter 2022 U.S. Home Affordability Report

"...median-priced single-family homes are less affordable in the first quarter compared to historical averages in 79 percent of counties across the nation..."
"...up from just 38 percent of counties that were historically less affordable in the first quarter of 2021, to the highest point since mid-2008."
"...home prices continued rising faster than wages in much of the country."