Tag Archives: mortgage rates

Mortgage rates continue descent as Fed hints at September rate cut

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Fed policymakers are acknowledging that while they’re determined not to cut rates until inflation is tamed, they’re also worried about waiting too long — and throwing the economy into a tailspin. Continue reading →

How agents can bridge the ‘haves and have nots’ housing market

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HAPPENING NOW! At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. JOIN US VIRTUALLY. Continued economic growth in th… Continue reading →

Home prices grew in May as mortgage rates, inventory rose

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The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed “no relief” for homebuyers hoping for falling home prices as mortgage rates remain elevated. Continue reading →

Inflation cools again in June, giving mortgage rates room to ease

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As inflation gets closer to Fed’s 2 percent target, economists at Fannie Mae and the Mortgage Bankers Association predict mortgage rates will continue to drop into the low sixes by the end of next year. Continue reading →

Falling mortgage rates have yet to translate into pricier home sales

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Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market. Continue reading →

Homes are sitting on the market longer amid high costs: Redfin

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Almost two-thirds of homes that were for sale in June had been listed for at least 30 days without going under contract. That figure is the highest share of any June since 2020. Continue reading →

Economists predict big slowdown in home price appreciation

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As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford and prices are already coming down in some markets Continue reading →

Summer slump sees buyers back out of deals at record rates

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Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading →

Disparity in agent splits evident in Northeast, Intel analysis reveals

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These times have been hard on nearly every real estate business. But different parts of the country report unique challenges and business approaches, as illustrated by Intel’s monthly gauge of industry sentiment. Continue reading →