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Home Prices

Why Today’s Foreclosure Numbers Aren’t a Warning Sign

With prices climbing across the board, it’s understandable to have questions about how that impacts the housing market. Some are even concerned that rising costs could lead to more homeowners falling behind on their mortgage payments and possibly spark a surge in foreclosures. Recent reports showing an uptick in foreclosure filings may seem alarming at first glance — but it’s important to take a step...

Mortgage Rates Reach Year’s Lowest Level

If you’ve been hesitant to buy a home due to high mortgage rates, now may be a good time to revisit the market. Mortgage rates have been steadily declining in recent weeks, creating an opportunity for potential buyers to re-engage. According to Freddie Mac, mortgage rates have fallen for seven consecutive weeks, now reaching their lowest point so far this year (see graph below). While this shift may...