When Will House Prices Go Down?

Key Takeaways House prices are unlikely to go down on a national level, but they should grow more slowly. It’s normal for house prices to steadily rise over time—it’s actually abnormal when they fall and can signal a broader economic issue, like a recession or correction. Home prices surged during t

Purchase Applications Buoy Mortgage Demand Amid Rising Rates

Mortgage application activity continued to move higher last week, though the pace slowed considerably as financial markets turned volatile and mortgage rates moved back up from their recent lows. The Mortgage Bankers Association (MBA) reported an increase of 3.2% on a seasonally adjusted basis for t

Modest Recovery Keeps Existing Home Sales in The Same Old Range

Existing-home sales rebounded modestly in February, recovering some ground after January’s sharp pullback, while improving affordability and slowly expanding inventory helped support buyer activity.Sales rose 1.7% to a seasonally adjusted annual rate of 4.09 million .  “Housing affordability is

How to Remove PMI From Your Mortgage

Private mortgage insurance (PMI) adds to your monthly mortgage payment, but it doesn’t have to last forever. Most homeowners can remove PMI once their mortgage balance reaches 80% of their home’s original value, and lenders must automatically cancel it at 78% loan-to-value (LTV) if the loan is curre