Tag Archives: inflation

Consumer homebuying sentiment has plateaued at ‘pessimistic’

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Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82 percent also said August was a bad time to buy. Continue reading →

Purchase loan applications once again at lowest level since 1995

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Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November. Continue reading →

Latest jobs numbers could be nail in the coffin for interest rate hikes

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Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike. Continue reading →

Homebuyer mortgage demand picks up for 1st time in 6 weeks

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After dipping to the lowest level since April 1995, applications for purchase mortgages edge up 2 percent week over week but are still down 27 percent from a year ago as mortgage rates retreat from 2023 highs. Continue reading →

Interest rates stay anchored after Fed chair’s hawkish speech

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After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell’s tough talk on inflation in stride, but the housing sector remains vulnerable to rate hikes. Continue reading →

Consumer unease over inflation rekindled in August following rally

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Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday. Continue reading →

Forecasters see home sales bottoming out this year, and then?

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MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing. Continue reading →

Homebuyer mortgage demand falls to lowest level since 1995

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As mortgage rates hit new post-pandemic highs on inflation worries, an MBA survey finds applications for purchase loans fell for the sixth consecutive week last week and are down 30 percent from a year ago. Continue reading →

Mortgage rate surpasses 7% in new 2023 high as demand falls again

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Even after adjusting for seasonal factors, applications for purchase loans fell for the fifth-straight week as mixed inflation data raised doubts that Fed will ease, pushing mortgage rates to new highs. Continue reading →