Mortgage rates drop for third consecutive week
The 30-year fixed-rate mortgage averaged 6.63% this week — down from 6.72% last week and the lowest weekly average since April 10, 2025, according to Freddie Mac. Mortgage News Daily, which uses a different set of metrics, pegged the 30-year rate at 6.55% on Aug. 7. The drop over this past week is
Home Prices Are Dropping in Over a Third of U.S. Markets
The housing market is cooling—and quickly. According to our latest data, resale home prices have declined year-over-year in 53 out of the 150 metro areas we track, with price drops spreading beyond Texas and Florida into the Southeast, Southwest, and West Coast. 📉 New and Resale Prices Are Falling
Builders Boost Incentives Amid Slower Spring Sales
Spring is typically the strongest season for new home sales, with builders historically making about 37% of their annual sales between February and May (2012–2019 average). This period usually brings more potential buyers, stronger pricing power (the ability to charge higher prices without losing
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