The Fed raised rates. So why did mortgage rates fall?

by Sasha Jones  August 01, 2022 09:04 PM Mortgage rates retreat toward 5 percent Conventional wisdom is that when the Federal Reserve hikes interest rates, mortgage rates are sure to follow. Well, not necessarily. After the Fed raised its benchmark rate by a historic 75 basis points, the average rat

Mortgage rates flirt with 6%, but silver linings exist

by Cailley LaPara  June 15, 2022 07:00 AM Higher borrowing costs may cool market, giving brokers and buyers time After reaching record-breaking lows during the pandemic, mortgage rates have been climbing at a similarly historic pace this year, worrying brokers and especially buyers. This week, rates

Flood-risk data shifted homebuyers’ searches, bids

by Holden Walter-Warner  September 14, 2022 01:30 PM Home buyers in 2022 are up against man-made and natural risks alike, and their changing search processes could sink home values in some areas. Buyers with access to flood-risk information were more likely to make offers on homes with lesser risk t

Hurricane Ian makes landfall in southwest Florida: Photos

by Katherine Kallergis  September 28, 2022 06:00 PM Hurricane Ian made landfall on the southwestern coast of Florida Wednesday afternoon, creating catastrophic storm surge, flash flooding and powerful wind gusts, knocking out power to more than 1.1 million customers. After gaining strength over the