Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association. Continue reading
Interest rates and out-of-whack supply and demand have Federal Reserve Chair Jerome Powell calling for a market “reset.” Jay Thompson offers his take on what that means for the real estate industry. Continue reading
Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent this year. Continue reading
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that “We need to get back to a place where supply and demand are back together.” Continue reading
After bond market sell-off Friday and Monday, investors take Fed’s 75 basis-point rate hike in stride. “The Fed managed to hint at today’s move,” said the CEO of one capital markets advisory firm. Continue reading
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday. Continue reading
Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July. Continue reading
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading
Nothaft “was a brilliant spokesperson and brand ambassador” whose absence “will be felt profoundly throughout the organization and beyond,” the company said. Continue reading
Demand for mortgages at lowest level since December 2018 as bottom falls out of refinancing market. Continue reading