In the dynamic landscape of the housing market, recent data unveils a mixed bag of news that underscores the ongoing challenges and opportunities within the industry. Existing home sales for the month of June saw a decline of 3% compared to May, marking a 19% drop from the previous year at the same time. This […]
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 […]