Spiraling home values, soaring inflation and increased interest rates mean less buying power for all consumers. In other words, the house they can afford today may be out of reach tomorrow. Here’s what your clients need to know. Continue reading
Interest rates for a 15-year mortgage hit new all-time lows amid high sale prices and low inventory. Rates for 30-year loans dipped as well. Continue reading
So far, bond markets are taking the prospect of Fed tapering of monthly purchases of $40B in mortgage-backed securities and $80B in Treasuries in stride Continue reading
Home prices are growing at record pace and competition in some areas is red hot. Many consumers are now wondering when the housing market will crash. Continue reading
After falling to historic lows last year, rates have climbed back over 3 percent but still remain lower than last year’s levels. Continue reading
The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading
Mortgage rates reached the lowest point in 50 years last week, and one economist predicted they could plummet even more this week. Continue reading
The typical family possessed 160.4 percent of the estimated income required to purchase a home in August, according to the National Association of Realtors. Continue reading
Yield curves predicting recessions did so historically and will again at the end of Fed overshoots. The Fed has done no such thing this time. Continue reading