NOAA Revises Hurricane Season Forecast

The season is expected to be active from September through November due to a La Nina weather pattern. NOAA predicted a 90% chance of above-average activity.

U.S. Homeownership Rate Stays at 65.6% in 2Q 2024

Due to a multi-decade low for housing affordability conditions and other factors, the U.S. homeownership rate remains the lowest in the last two years.

Homeowners Race to Refinance Home Loans

As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago.

Saving for a House?

Buyers may hear they need a 20% down payment to buy a home, but that’s not set in stone. Many mortgages require as little as 3% or 3.5% and some have no minimums.