Tag Archives: federal reserve

Demand for purchase loans sinks as mortgage rates rebound

By | | Uncategorized
Comments Off on Demand for purchase loans sinks as mortgage rates rebound

Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading →

Housing singled out as largest contributor to inflation: Economists

By | | Uncategorized
Comments Off on Housing singled out as largest contributor to inflation: Economists

Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison. Continue reading →

Mortgage rates inch up from 2023 lows on strong jobs report

By | | Uncategorized
Comments Off on Mortgage rates inch up from 2023 lows on strong jobs report

Strong job numbers spark fears that the Fed will need to stick to its guns and continue to raise rates and keep them elevated for some time to fight inflation. Continue reading →

Mass rounds of real estate layoffs still the exception, not the norm

By | | Uncategorized
Comments Off on Mass rounds of real estate layoffs still the exception, not the norm

Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to a report released Friday by the U.S. Bureau of Labor Statistics.  Continue reading →

Mortgage rates may ease as modest Fed rate hike could be its last

By | | Uncategorized
Comments Off on Mortgage rates may ease as modest Fed rate hike could be its last

Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think the rate hike campaign may now be over. Continue reading →

Homebuyer demand for mortgages up for second week in a row

By | | Uncategorized
Comments Off on Homebuyer demand for mortgages up for second week in a row

Purchase loan requests rise 3 percent week over week as mortgage rates ease but remain down 39 percent from the same time a year ago. Continue reading →

Homebuyer loan requests jump 25% as mortgage rates continue to fall

By | | Uncategorized
Comments Off on Homebuyer loan requests jump 25% as mortgage rates continue to fall

After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading →

Agree to disagree: 11 real estate leaders dust off crystal ball for 2023

By | | Uncategorized
Comments Off on Agree to disagree: 11 real estate leaders dust off crystal ball for 2023

The market isn’t done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point. Continue reading →

Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

By | | Uncategorized
Comments Off on Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence

Requests to refinance accounted for 31 percent of all loan applications last week, well below the past decade’s average of 58 percent. Continue reading →