Tag Archives: mortgage rates

Demand for purchase mortgages drops for 3rd week in a row

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Lender survey shows applications from homebuyers is down 12 percent from a year ago, as mortgage rates continue to rebound from December lows on stubborn inflation data. Continue reading →

‘The vibe is pretty good’ as first earnings season of 2024 kicks off

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Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023. Continue reading →

Mr. Cooper now collects payments on $1T in mortgages amid big Q4

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Investors pushed shares in the Dallas-based mortgage loan servicer to a new high on Friday as executives in a Q4 earnings call said they’ll keep investing in technology that boosts efficiency. Continue reading →

Mortgage rates lead to biggest pending sales drop since October

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Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there’s optimism for a rebound as spring approaches, fueled by increasing home tours and new listings. Continue reading →

Homebuyer purchase loan demand falls again as mortgage rates firm

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After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs. Continue reading →

Housing sentiment improves on hopes for lower mortgage rates

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Consumer sentiment toward housing increased to the highest level in nearly two years in January, with a record number of Americans expecting mortgage rates to come down in the year ahead. Continue reading →

Agents have real concerns — but commission rates aren’t at the top

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Despite ongoing commission lawsuits, agents are more concerned about the health of the real estate pie than the size of their own slice, results of the latest Inman Intel Index survey show. Continue reading →

Sluggish net new listings signal that the lock-in effect is not over

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In January, the real estate market saw a 17.5 percent decline in net new listings and a 2 percent decrease in contract signings, driven by mortgage rate fluctuations, according to HouseCanary. Despite a rise in total inventory compared to 2022 and 2023… Continue reading →

Blowout January jobs report has mortgage rates surging again

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Employers added 353,000 workers to their payrolls in January, a “head scratching” jobs report from the Labor Department that kills prospects for a March rate cut “stone dead,” economist says Continue reading →

Luxury prices and cash buyers hit a new high to close out 2023

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Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market. Continue reading →