Skyrocketing US home prices are finally beginning to slow down

September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5 percent year over year, down from a 19.8 percent annual gain in August. Continue reading

Recent pullback in mortgage rates lifts outlook for home demand

A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading

Rise in mortgage rates sees hiccup — but don’t expect it to last

The dip in mortgage rates this week was small compared to the rise recorded over the last month. Economists say they expect more increases. Continue reading

Rates for 30-year mortgages reach highest point since early spring

Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions. Continue reading

Mortgage rates continue their ascent onward into mid-October

Rates creeped upward once again across all major mortgage types, part of a rise from their all-time lows earlier this year, according to Freddie Mac’s weekly lender survey. Continue reading

More lenders jumping the gun on historic Fannie, Freddie loan limits

Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading

Mortgage rates hold steady following late-September spike

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

Fannie, Freddie loan limits set for record 50-year leap in 2022

Lenders are betting that home prices kept skyrocketing during the third quarter, and that they’ll be able to sell the bigger loans to Fannie and Freddie once the conforming loan limit officially goes up on Jan. 1. Continue reading

Home prices could ‘moderate’ if mortgage rates keep rising

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

Sustained surge in mortgage rates could dent home sales

In addition to worries about the potential impact of Fed tapering, there’s also uncertainty about the approaching U.S. debt ceiling and the future leadership of the Fed. Continue reading