Mortgage demand was essentially flat last week as borrowing costs remained elevated, giving both prospective homebuyers and existing homeowners little reason to make a move. Total mortgage application volume fell just 0.4% from the previous week, according to the Mortgage Bankers Association’s... more
by Biazowa 
The average 30-year mortgage rate fell to 6.67%, but borrowing costs remain higher than they were a year ago, keeping affordability challenges in place. After five consecutive weeks of increases, mortgage rates finally moved lower this week, giving prospective homebuyers a modest break from... more
by Biazowa 
Veranda is a residential collection within the Vinova master-planned community in Rancho Cucamonga, California. The community includes a park, walking trails, and a tot lot, with Victoria Gardens nearby for shopping and dining and access to major freeways and Ontario International Airport. For... more
by Biazowa 
Bella Sol is a residential community in Riverside, California, near Spring Mountain Ranch Park and about five miles from historic Downtown Riverside. The community includes outdoor spaces such as a barbecue area, shade structure, and tot lot. For this tour, we explored Plan 2244, a two-story home... more
by Biazowa 
At its latest policy meeting, the Federal Reserve voted to keep its benchmark interest rate in a target range of 3.5% to 3.75%. The benchmark rate influences borrowing costs across the economy, affecting everything from mortgages and auto loans to business financing and credit card interest... more
by Biazowa 
Buying a home is becoming even more challenging as mortgage rates continue to move higher. The average rate for a 30-year fixed mortgage has now reached its highest level in nearly a year, increasing borrowing costs for buyers already dealing with elevated home prices and ongoing economic... more
by Biazowa 
California’s housing market showed renewed strength in June, with home sales rising for the third consecutive month as more buyers moved forward despite mortgage rates remaining well above the historic lows seen during the pandemic. New data from the California Association of REALTORS®... more
by Biazowa 
Mortgage rates continued to hover around the 6.5% mark this week, offering little relief for buyers hoping for a significant drop in borrowing costs. According to Freddie Mac, the average rate for a 30-year fixed mortgage increased slightly to 6.49%, up from 6.47% the previous week. Although rates... more
by Biazowa