Mortgage Rates Hit Four-Week Low Amid Market Lull Are you looking for a break in the housing market? You just got one. On Tuesday, average top-tier 30-year fixed mortgage rates hit their lowest level in four weeks. This trend is great news for anyone checking Houston mortgage rates today. The market is currently in a …
Rates Hit 4-Week Low: What Houston Mortgage Rates Mean for You Read More »
Refinance Demand Jumps 5% as Mortgage Rates Hit Monthly Low Mortgage rates reached their best levels in a month, sparking a sudden wave of activity for homeowners. According to a weekly report from the Mortgage Bankers Association, applications rose 1.8% as the 30-year fixed rate fell to 6.42%. This drop particularly helped the refinance market, …
5% Refinance Surge Hits as Houston Mortgage Rates Dip to Monthly Low Read More »
Inventory Shortage Pushes March Home Prices Higher Low inventory is still a big challenge for the Houston housing market and buyers nationwide. New facts from the National Association of Realtors show march sales hit their slowest pace since 2009. Sales fell 3.6% from February. This lack of homes for sale pushed the national median price …
Houston Housing Market News: Price Cuts Rise as March Sales Slow Read More »
Inflation Hits Two-Year High, Rates Climb Inflation reached its highest rate in nearly two years. According to data from the U.S. Bureau of Labor Statistics, the inflation index jumped to 3.3% in March. This is up from 2.4% in February. The monthly increase was 0.9%. That marks the largest monthly rise in nearly four years. …
3.3% Inflation Puts Pressure on Houston Housing Market Read More »
Mortgage Rates Dip Slightly Amid New Lender Incentives You may see a small break in your monthly costs this week. Houston mortgage rates showed a slight reprieve as the 30-year fixed rate fell to 6.51%. According to the Mortgage Bankers Association, some loan types are faring better than others. FHA purchase applications rose by 5% …
6.51% Rates and Sunbelt Price Cuts: Houston Market Update Read More »
Mortgage Rates Move Lower Despite Strong Jobs Data You might expect mortgage rates to jump after a strong jobs report. This week, the market saw 178,000 new jobs added to the economy. Normally, high job growth pushes rates up. However, recent data from Mortgage News Daily shows that rates actually moved lower this week. Lenders …
0% Down Loans and New Richmond Community Stir Houston Market Read More »
Mortgage Rates Fall Back Below 6.5% After Recent Highs There is some fresh hope for anyone tracking Houston mortgage rates this week. Rates dropped for two days in a row as global tensions eased slightly. Markets reacted well to news suggesting a potential end to the conflict in Iran. As bonds improve, we usually see …
Mortgage Rates Drop Under 6.5%: What Houston Home Buyers Need to Know Read More »
Housing Demand Holds Steady as Rates Hit Inflection Point Are you wondering if now is the right time to buy a home? Even with high rates, housing demand is staying quite strong. New data shows that purchase applications rose last week. This growth happened despite global tension. It is a sign that many people still …
Demand Grows as AI and Texas Partnerships Shift Houston Mortgage Rates Read More »
Mortgage Rates Climb as Global Tension Impacts Bonds Global markets face a bumpy ride this week. Global news is causing big shifts in the cost of borrowing. According to a recent report from HousingWire, average 30-year fixed rates hit 6.62% recently. This is a large jump since rates were below 6% just a few weeks …
6.6% Rates Impact Houston Mortgage Rates and Housing Volume Read More »
Mortgage Rates Hit Highest Level Since October The housing market is facing new pressure this week. According to the Mortgage Bankers Association, the 30-year fixed rate rose to 6.43%. This represents a jump of more than 30 basis points since February. It also marks the highest level for Houston mortgage rates since last October. High …
6.43% Rates Impact Houston Mortgage Market This Week Read More »
