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
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 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
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
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
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
It’s not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts said. Continue reading
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a “rolling recession” while predicting agents will survive treacherous economic terrain. Continue reading
Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey showed. Continue reading
Mortgage rates could come under more pressure as Fitch Ratings downgrades U.S. debt over concerns about rising deficits and ongoing debt ceiling showdowns. Continue reading