Mortgage rates ticked down again this week, continuing a series of declines since the end of October. The trend is beginning to spark signs of life in the stalled real estate market, but economists do not expect affordability to improve materially any time soon. Freddie Mac’s latest Primary Mortgage Market…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

With the outlook for mortgage rates finally improving, the forecast for housing is looking better heading into the New Year. Realtor.com economists predict that mortgage rates, which have declined over the past five weeks, will slide into the 6% territory in 2024. Fannie Mae expects mortgage rates to decline gradually over the…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

Mortgage rates have finally fallen below 7% for the first time in months and purchase applications are on the rise. Still, the low inventory of homes on the market is keeping home prices elevated, providing little comfort for prospective buyers. Freddie Mac’s latest Primary Mortgage Market Survey released Thursday showed…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

A slowdown in the U.S. economy is imminent, but whether it will be a soft landing or a full-blown recession is still uncertain. What is clear is that mortgage rates will continue to drop in the New Year and home prices will recover by 2025, according to Fannie Mae.  Fannie…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The…

On average, the proportion of U.S. home sellers reducing prices reached an all-time high earlier this fall. Approximately 7% of homes listed for sale saw a price drop during the four weeks ending on October 29, according to a report from Redfin.  Elevated mortgage rates are putting a financial strain…