mortgage rates

Mortgage Rates Stabilize in the 6% Range

The Current Landscape of Mortgage Rates According to Freddie Mac's Survey In a recent development in the real estate finance sector, mortgage rates have shown stabilization, consistently remaining in the 6% range. This trend, highlighted in Freddie Mac's latest Primary Mortgage Market Survey® (PMMS®), is a key indicator of the current state of the housing market. As of January 11, 2024,[...]

Couple hugging holding house keys with boxes in background at new home

NAR Prediction: 6-7% Mortgage Rates by Spring

Chief Economist of the National Association of Realtors (NAR), Lawrence Yun, anticipates a 15% surge in existing home sales next year and projects mortgage rates to stabilize between 6-7% by Spring 2024. The report also highlights an unprecedented 22% rise in buyer income, marking the largest yearly increase, with down payments reaching their highest levels in two decades. On Nov. 15,[...]

MarketNsight Identifies 7% as the New Sensitivity Threshold for Mortgages

MarketNsight Identifies 7% as the New Sensitivity Threshold for Mortgages

MarketNsight identifies 7% as the new sensitivity threshold for mortgages. The leading real estate data and analysis provider reports that rates in the second week of August 2023 rose to 7.09% - surpassing the 20-year highs set last fall. On the way to 7.09%, pending sales rapidly declined, completely reversing the positive trend witnessed in the third week of July[...]

special financing interest rate buy down

Peachtree Buydown Program Cuts Rates for Homebuyers

Interest rates have been on the rise this spring, and the Federal Reserve Board has hinted it will increase the Federal Funds Rate several more times this year in an effort to tame inflation. The increases leave homebuyers in a quandary. Monthly house payments are higher with increased rates, so purchasing an existing home can be tough. Uncertainty about how[...]

Rising Mortgage Rates

What Should You Know About Rising Mortgage Rates?

A new year means new homebuying opportunities, but with mortgage rates rising, what does this mean for 2022 homebuyers? According to Redfin, there will be a significant drop in affordable housing in the cities of Atlanta, Austin and Phoenix. The housing boom created in the wake of Coronavirus caused home prices to skyrocket and housing inventories to dramatically decrease. The Federal Reserve[...]

Real Estate Market Continues to Strengthen

Academy Mortgage is pleased to report that the real estate industry is continuing to strengthen, as mortgage applications rise while mortgage rates remain affordable. According to the Mortgage Bankers Association, mortgage applications have increased for the second week in a row. For the week ending Sept. 3, 2014, total mortgage applications increased 0.2 percent when compared to the week before. As reported[...]

Mortgage Rates Fall, Number of Applications Increase

The number of applications rose and mortgage rates continued to stay low, despite yet another announcement from the Federal Reserve that it would further taper its stimulus down to just $65 billion per month. According to the most recent numbers from the Mortgage Bankers Association, mortgage applications rose 0.4 percent in the week ending Jan. 31, 2014 compared to the week[...]

Senator Johnny Isakson Receives Presidential Award from Atlanta HBA

The HBA’s Presidential Award is the only award presented at the discretion of the HBA President, making it a special acknowledgement of an individual’s commitment and service to the HBA and the home building industry.  The  recipient of the 2011 Presidential Award is a true champion for our industry, Senator Johnny Isakson. Senator Isakson has been and continues to be a[...]