“For Sale” outside a home in Hercules, California, U.S., Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved slightly higher last week for the second week in a row, … Read more
NAR President Tracy Kasper. Courtesy: NAR The president of the National Association of Realtors said Monday she is resigning over a blackmail threat that sought to “compromise” her leadership role. NAR President Tracy Kasper said she notified the group’s leadership team “that she recently received a threat to disclose a past personal, non-financial matter unless … Read more
The sharp drop in mortgage interest rates in December could have kicked off this year’s spring housing market. Rates are about a full percentage point lower than in October, and consumers expect them to fall even more. Optimism about mortgage rates rose sharply in December, according to Fannie Mae’s monthly consumer survey. For the first … Read more