Little movement in mortgage rates signals a slow summer
Rates dipped only slightly this week in Freddie Mac's survey, inching down from 6.69% to 6.67%.
Updated July 5, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Revised forecast a sign that spring was more showers than flowersRealtor.com previously predicted home prices would rise 5.4% by the end of 2023 but now expects a 0.6% decline.June 22, 2023
- Nearly 1 million new homes are in the pipelineSingle-family housing starts hit an annualized rate of 997,000 in May, up significantly from earlier this spring but still down year-over-year.June 20, 2023
- Lose the white paint — the mood of the day is grayThe latest paint color analysis from Zillow finds that buyers are willing to pay more for a home with dark gray and earth-tone walls.June 20, 2023
- Homeownership on the rise for lower-income householdsThe percentage of below-median income households that own a home has climbed significantly, hitting 53% in the first quarter of 2023.June 17, 2023
- 'What-if' scenarios in the commissions lawsuits, and how to prepare for themAs several buyer agent compensation cases work their way through the court system, it’s time for brokers and agents to come up with a plan.June 16, 2023
- Mortgage rates hold relatively steady after inflation reportThe 30-year fixed-rate mortgage averaged 6.69% this week in the Freddie Mac Survey, down just a hair from last week’s 6.71%.June 15, 2023
- Why sell when you still have that new-house smell?A Redfin report found that nearly 60% of homeowners with mortgages have lived in their home for 4 years or less, and almost all have low interest rates.June 15, 2023
- KW’s widely used Command CRM gets a refreshImprovements to the CRM platform and app are intended to give agents a leg up with lead generation, marketing and workflow.June 13, 2023
- Inflation is slowing, which could soften interest ratesInflation rose only slightly in May to an annual rate of 4%, down significantly from its peak of more than 9% last summer.June 13, 2023
- Low inventory fueling a hot market, for the few who are in itHome values are up, and so are bidding wars, according to the latest Zillow market data.June 13, 2023
- Homebuyers are gonna need a pep talk — here’s whyMost consumers think it's a bad time to buy, and many expect rates to rise — but nearly a fifth of adults still plan to buy a home in the next 12 months.June 10, 2023
- Zillow unveils its latest ShowingTime+ agent productAn enhanced, feature-rich Appointment Center offers several new efficiency-oriented tools for agent users.June 8, 2023
- Mortgage rates finally inch down, but buyers aren’t pouncingThe 30-year fixed-rate mortgage averaged 6.71% this week, the first drop in nearly a month.June 8, 2023
- Homeowner equity declines but is still riding highHome equity dipped last quarter for the first time in a decade, but big gains in recent years have kept most homeowners squarely in the black.June 8, 2023
- MLS revenue-sharing venture moving ahead of scheduleREdistribute, which sells data from participating MLSs to institutional users, now covers nearly half of U.S. residential properties.June 7, 2023
- Tighter credit adds another hurdle for buyersBlack Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.June 6, 2023
- Student loan payments are coming back — will they sideline buyers?As part of the government debt-ceiling deal, student loan payments that had been paused for the past three years will resume at the end of August.June 6, 2023
- Federal plan aims to root out racial bias in home appraisalsThe PAVE task force, a joint venture of HUD and other agencies, presented an action plan to address appraisal bias and increase diversity in the industry.June 2, 2023
- Zillow to showcase agents, lenders in new ad campaignThe company wants consumers to think of the search portal as an all-in-one destination for not only homes, but also real estate pros.June 2, 2023
