After two months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying, according to MBA economist Mike Fratantoni. Continue reading
Brokers, agents and homebuilders tallied a solid hiring month amid the holiday season even as the downturn in real estate transactions continued, according to the U.S. Bureau of Labor Statistics. Continue reading
It’s a slow time of year for homebuying, so it’s not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn’t jump last week. Continue reading
There’s no sign of a rebound in purchase applications, but August data showing a strong job market “should support housing demand,” an MBA economist says. Continue reading
Despite rising rates, purchase mortgages applications were up 1 percent during the week ending March 25, according to a weekly survey by the Mortgage Bankers Association. Continue reading
With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher. Continue reading
The numbers are headed in the wrong direction for loans that are backed by private lenders rather than the government, according to new survey by the Mortgage Bankers Association. Continue reading
Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading
Demand for purchase mortgages fell last week to the lowest level since May 2020, which could be a sign first-time homebuyers are getting squeezed out of the market. Continue reading
Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023. Continue reading