Banks Offered Homeowners Refinances After the Crisis, but Americans Stopped Trusting Banks

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When banks stepped up their efforts to persuade homeowners to refinance, it “deepened” suspicion, a study found.

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Mortgage Rates Hit a 12-Month Low as Signs of Economic Slowdown Dog the Housing Market

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Rates for home loans fell to the lowest in a year as inflation cooled and investors braced for a slow down in the global economy.

The post Mortgage Rates Hit a 12-Month Low as Signs of Economic Slowdown Dog the Housing Market appeared first on Real Estate News & Insights | realtor.com®.

The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here’s What That Tells Us.

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The size of the average adjustable-rate mortgage was $688,400, two and a half times larger than last week’s national fixed-rate mortgage average.

The post The Average Adjustable-Rate Mortgage Is Nearly $700,000. Here’s What That Tells Us. appeared first on Real Estate News & Insights | realtor.com®.

Pending Home Sales Tumble to Lowest in Nearly Five Years in December

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Pending-home sales slid 2.2% in December to a reading of 99, and were 9.8% lower compared to a year ago, marking the 12th straight month of annual declines.

The post Pending Home Sales Tumble to Lowest in Nearly Five Years in December appeared first on Real Estate News & Insights | realtor.com®.