Long-Term Mortgage Rates Edge Higher, Snapping Slide

This week, Freddie Mac reported a slight increase on the average rate on a 30-year mortgage, to 6.62% from 6.61%.

Federal Reserve Minutes Show Officials Cautious About Rate Cuts

Minutes from the Fed’s December meeting show officials felt the economic outlook was uncertain and further hikes were still “possible.”

Redfin: Homebuyers’ Monthly Payments Drop to Lowest Level in Nearly a Year

Redfin reported a $372 drop in U.S. mortgage payments during the four weeks ending Dec. 31.

AI Use to Become Even More Commonplace in 2024

AI will be used across all sectors in 2024, “in almost every enterprise,” including real estate, experts say.