Mortgage Rates Drop to the Lowest Level in Five Months
30 Second Market Update
March 17, 2025
Mortgage rates have dropped to their lowest level in five months, sparking increased activity in the housing market. The 30-year fixed-rate mortgage has reached its lowest point since October 2024, […]
Understanding Cash-Out Refinancing: What It Is and How It Works
Knowledge Base
March 13, 2025
A cash-out refinance is a popular financial strategy that allows homeowners to tap into the equity they’ve built in their homes. It’s a way to access cash by refinancing your […]
Mortgage Demand Surges Higher After Interest Rates Drop
30 Second Market Update
March 10, 2025
A recent drop in mortgage interest rates has spurred a surge in loan demand, both from current homeowners and potential buyers. Mortgage application volume rose in the last week of […]
How to Use Your Home’s Equity to Pay Off High-Interest Credit Card Debt
Knowledge Base
March 04, 2025
If you’re struggling with high-interest credit card debt, you’re not alone. Many homeowners find themselves balancing substantial credit card payments while owning a valuable asset: their home. Leveraging your home’s […]
Real Estate Continues to Heat Up
30 Second Market Update
March 03, 2025
The Case-Shiller Home Price Index, known as the top measure for home appreciation, showed that home prices went up by 0.5% in December after adjusting for seasonal trends. The unadjusted […]
Getting a Mortgage with a New Job: What You Need to Know
Knowledge Base
February 24, 2025
Starting a new job is an exciting chapter in life. Whether you’ve just landed your dream role or transitioned to a new industry, this career move might also come with […]
Time To Buy
30 Second Market Update
February 24, 2025
U.S. home prices rose 0.6% in the month of January from the previously reported number and slightly faster than the 0.5% growth seen in the prior three months. Year over […]
What You Need to Know About the FHFA 2025 Conforming Loan Limits
Knowledge Base
February 19, 2025
As the real estate market evolves, homebuyers and industry professionals pay close attention to the annual adjustments of the Federal Housing Finance Agency (FHFA) conforming loan limits. These limits are […]
A Record Percent of Buyers are Planning to Move in 2025
30 Second Market Update
February 17, 2025
A recent NerdWallet survey shows a record-high 15% of people plan to buy a home this year, up from 9-11% in previous years. This signals pent-up demand returning to the […]
Consumers Might Finally Be Accepting the Higher Mortgage Rate Environment
30 Second Market Update
February 10, 2025
Consumers are becoming less optimistic about mortgage rates decreasing, as Fannie Mae’s latest survey shows a significant drop in those expecting rates to fall—from 45% in November to 35% in […]
Personal Consumption Expenditures (PCE) Index for December
30 Second Market Update
February 03, 2025
The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) Index, showed a 0.3% monthly rise in December, with annual inflation increasing from 2.4% to 2.6%, aligning with expectations. […]
Preparing For the Costs of Buying a House: A Guide For First-Time Buyers
Knowledge Base
January 28, 2025
Buying a home is an exciting milestone, but for first-time buyers, it can also come with a lot of surprises—especially when it comes to the costs involved. While most people […]
