Falling Mortgage Rates: Impact on New Home Buyers Plymouth Title Guaranty Corporation Featured

Falling Mortgage Rates: Impact on New Home Buyers

Despite a seemingly endless upward trajectory, recent data finally points to falling mortgage rates. Mortgage rates, on a consistent rise over the past year, fell to 6.61%. Thus, mortgage rates decreased nearly half a percentage point since last week. Furthermore, 15-year mortgage rates dropped to 5.98%, nearly half a point drop but still way higher […]

home builder sentiment declines tenth month row plymouth title guaranty corporation featured

Home Builder Sentiment Declines for Tenth Month in a Row

As mortgage rates to 20-year highs, home builder sentiment declined for the tenth month in a row. Similarly existing home sales fell for the eighth straight month. Further complicating the real estate market, housing inventory presents an ongoing barrier to prospective home sales activity. Despite the longstanding challenge, new construction remains slow. NAHB Survey Indicates […]

Home Buyer Affordability: Real Estate Market Now Sees Steady Improvements Plymouth Title Guaranty Corporation

Home Buyer Affordability: Real Estate Market Now Sees Steady Improvements

Home buyer affordability—a measurement of the overall affordability of homes in certain areas compared to average income—is steadily improving in thirty-two states across the country. The median payment applied for by applicants decreased from $1,844 to $1,839, dropping for the third consecutive month. All of this is according to the Mortgage Bankers Association’s Purchase Applications […]