High Mortgage Rates Cause Avg Mortgage Payments to Spike by ,800 CNBC’s Diana Olick says recent mortgage rate volatility has caused monthly mortgages to spike $ 1,800 from pre-pandemic levels. Click on the image below to watch the report. Click here to watch at CNBC.com. Click here to see the current interest rates. The
U.S. Homeownership & Rental Vacancy Rates for Q1 2022 The U.S. government is reporting that the national vacancy rates for Q1, 2022 were 5.8% for rental housing and 0.8% for homeowner housing. The national homeownership rate for Q1, 2022 was 65.4% (about the same as Q4, 2021). In addition, approximately 89.4% of the housing units
Top 10 Counties with Lowest Effective Property Tax Rates New data from ATTOM says the average tax on single-family homes increased at the smallest pace in five years, rising 1.8% from $ 3,719 in 2020 to $ 3,785 in 2021. Interestingly, their report says the latest figures show an average effective tax rate of 0.9%,
Mortgage Rates See Largest 3-Month Increase Since 1987 In late March, 30-year mortgage rates experienced their largest 3-month increase since May 1987 – up 1.56 percentage points since the end of 2021. A recent chart shared on twitter by Len Kiefer, Deputy Chief Economist at Freddie Mac, who helps “people understand the economy, housing, and
Long-term U.S. mortgage rates are closing in on 4.7% Mortgage rates probably will continue to rise over the year, economists predict. Continue reading at RealEstate.Boston.com. The post Long-term U.S. mortgage rates are closing in on 4.7% appeared first on Boston.com Real Estate.
Mortgage Applications Take a Plunge with Surging Interest Rates CNBC’s Diana Olick says rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand. She reports that mortgage applications are down 12% annually and that 2022 home sales forecasts are being revised downward. Click here to read the full report at CNBC. The post