For the First Time in Recent History, New Home Price Reductions Outpace Existing Homes: Realtor.com® Report Finds

Modest Increase in Rates is a Win. Here's Why

Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today's case, it's a victory. There was a ton of potential volatility in the underlying bond market heading into the day due to the scheduled release of the big monthly jobs report. In addition,

America's Oldest vs. Newest Luxury Markets: Realtor.com® Report Highlights the Evolving Faces of U.S. Luxury

Lowest Mortgage Rates in More Than 3 Weeks

Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the average 30yr fixed rate to 6.11%, easily below its recently narrow range of 6.15-6.20. The bonds that drive mo