Tag Archives: inflation

It’s definitely a seller’s market: Buyer sentiment sags in poll

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With home prices and mortgage rates showing few signs of easing, only 19 percent of Americans thought May was a good time to buy. Continue reading →

Mortgage rates ease on debt deal, but jobs report fuels inflation fears

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Friday’s strong jobs report renews worries that the Federal Reserve is not done hiking rates to combat inflation as policymakers face June 14 decision to “hike, skip or pause.” Continue reading →

A squad of economists is waging a stealth war on America’s ‘30% rule’

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The Brooke Amendment — a law otherwise known as “the 30 percent rule” that has shaped U.S. housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights. Continue reading →

‘Inflation is still running too high’: Homebuyers stunned by rate surge

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Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets, according to the MBA’s Weekly Mortgage Applications Survey. Continue reading →

Mortgage rates hit new 2023 high on debt ceiling, inflation worries

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For investors who provide the funding for most U.S. mortgages, the debt ceiling crisis won’t be over until Congress actually votes to approve the deal negotiated over the weekend. Continue reading →

Homebuyers flinch as mortgage rates ascend toward 2023 highs

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Purchase loan applications fell by a seasonally adjusted 4 percent last week as mortgage rates surged on debt ceiling and inflation worries. Continue reading →

Rent peaked where it matters most. Here’s what happens next

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Federal inflation data showed rent inflation dropped in April, about a year after rent growth rapidly slowed. Three economists explain why it took so long for that to happen and what that means for the future of the rental market. Continue reading →

Housing is outperforming, but recession may still be in the cards

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Fannie Mae economists say “extraordinarily tight” inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes. Continue reading →

Mortgage demand slips with homebuyers wary of rate volatility

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Rise in mortgage rates defies expectations as unusually wide “spread” between 10-year Treasury yields and mortgages reflects investor fears of another refi wave. Continue reading →