Tag Archives: mortgage rates

Home sales will cool off for the rest of this year and next: Fannie Mae

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Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading →

‘Holding pattern’: Virus extends stable period for mortgage rates

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Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types. Continue reading →

Rates for 15-year mortgages continue slow rise from prior lows

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Mortgage rates have remained largely unchanged in recent weeks, aside from a gradual rise in rates for 15-year loans. Continue reading →

Despite higher inventory levels, market is still ‘remarkably tight’

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Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner dives into recent housing data releases and shares why the market is still far from balanced. Continue reading →

Fed says it wants to see job numbers before tapering

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Powell “stuck to the script in his Jackson Hole speech,” said Pantheon Macroeconomics Chief Economist Ian Shepardson. “Anyone hoping for a steer on the timing of the taper will have been disappointed, but it was never likely.” Continue reading →

Lenders hold firm on mortgage rates after Fed dust settles

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Minutes released last week from the July 27-28 meeting of a Federal Reserve committee that sets monetary policy revealed that most members are open to tapering bond purchases the Fed makes to stimulate the economy by the end of this year. Continue reading →

Ahead of Fed tapering reveal, mortgage lenders kept rates steady

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Low mortgage rates that had risen off a strong jobs report remained unmoved earlier this week, according to Freddie Mac’s lender survey. Continue reading →

Why homebuyers aren’t taking advantage of drop in mortgage rates

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The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading →

Mortgage lenders deal more purchase loans amid fewer refis

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The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading →