Tag Archives: interest rates

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 →

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 →

Give ‘incredible insights’: Industry pros should be armed with data

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At a time when demand for loans has shriveled, Polygon Research CEO Val Buresch argued at Inman Connect Las Vegas on Wednesday that open communication will help people take action. Continue reading →

How to become a mortgage broker in 6 steps

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Mortgage brokers have to undergo specific training to do their jobs, but a higher education degree is not required. Those with an aptitude for hard work and client relationships can find great success over the course of their careers. Continue reading →

Good news about economy could send mortgage rates back up

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Surprising GDP and jobs numbers have investors buying stocks and selling bonds over worries that Fed policymakers will continue hiking rates to combat inflation. Continue reading →

Want to buy a home? It’ll cost you $1,030 a month more than renting

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The premium for buying a home is now 17 percent higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting. It might push the rent even higher. 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 →

NAR chief economist: ‘The Fed made a mistake’

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At the Realtors Legislative Meetings’ Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024. Continue reading →

Rent peaked in February 2022. Here’s why it’s still driving inflation

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Private indexes show that rent peaked in early 2022. But the impact of the rapid increase in rent could still show up in inflation readings for months, economists told Inman. Continue reading →

RealPage economist: Interest rates, not banks, top concern for investors

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At a time when all eyes are seemingly on the fall of Silicon Valley Bank and Signature Bank, RealPage Chief Economist Jay Parsons is watching the impact of something else. Continue reading →