Tag Archives: federal reserve

Inflation worries drive up mortgage rates

By Matt Carter | November 11, 2021 - 9:13 pm |November 11, 2021 Uncategorized

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Rates on 30-year fixed-rate conforming mortgages followed Treasury yields up Wednesday, climbing seven basis points to 3.21 percent. Continue reading →

UWM posts record mortgage volume, but Q3 profits sag

By Matt Carter | November 9, 2021 - 7:48 pm |November 9, 2021 Uncategorized

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Net income down 77 percent from a year ago, when refinancing boom drove higher profit margins. Continue reading →

Home sales seen as immune from economic pessimism

By Matt Carter | November 8, 2021 - 9:02 pm |November 8, 2021 Uncategorized

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Americans’ confidence that the economy is on the right track is at its lowest level since 2013, but that’s not expected to hurt home sales, with homebuyer demand still outpacing available listings. Continue reading →

Fed tapering starts now, markets unfazed

By Matt Carter | November 3, 2021 - 8:30 pm |November 3, 2021 Uncategorized

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The Federal Reserve this month will begin drawing down the support it’s provided to mortgage rates during the pandemic. Continue reading →

Fed chair restates support for gradual tapering

By Matt Carter | October 22, 2021 - 8:34 pm |October 22, 2021 Uncategorized

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Ten-year Treasury yields, a barometer for mortgage rates, fall as Federal Reserve Chairman Jerome Powell says there’s no rush to raise interest rates. Continue reading →

Home sales predicted to close out 2021 with surprising strength

By Matt Carter | October 15, 2021 - 8:48 pm |October 15, 2021 Uncategorized

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Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading →

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

By Matt Carter | October 15, 2021 - 1:32 pm |October 15, 2021 Uncategorized

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The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading →

Homeowners slam brakes on refinancing as mortgage rates rise

By Matt Carter | October 11, 2021 - 4:01 am |October 11, 2021 Uncategorized

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Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading →

Mortgage rates hold steady following late-September spike

By Daniel Houston | October 7, 2021 - 9:02 pm |October 7, 2021 Uncategorized

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Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board. Continue reading →

Home prices could ‘moderate’ if mortgage rates keep rising

By Daniel Houston | September 30, 2021 - 5:50 pm |September 30, 2021 Uncategorized

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Mortgage rates are headed up as investors who fund home loans digest the prospects for long-term inflation and the Fed’s tapering plans. Continue reading →