Tag Archives: mortgage rates

Purchase loan applications soar 9% following drop in mortgage rates

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Trend could bode well for the spring homebuying season, the Mortgage Bankers Association said Wednesday, but Fed may take its time before cutting rates. Continue reading →

Jump in key inflation gauge may delay mortgage rate relief

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Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September. Continue reading →

Declining mortgage rates bring new-year market thaw: Redfin

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The mortgage lock-in effect that plunged the 2023 housing market into a deep freeze has finally started to thaw, according to a new Redfin market report published on Thursday. Continue reading →

Buyers take rebound in mortgage rates in stride as lenders tighten

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Demand for purchase loans picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs. Continue reading →

65% of millennials would still buy a home if interest rates were 10%

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Interest rates are poised to fall in 2024 — a piece of much-needed news for the millions of would-be buyers and sellers who’ve been locked out of the market after an extraordinary rise in rates from 2022 to 2023. However, if burgeoning economic tailwin… Continue reading →

Rates will continue to fall in 2024, consumers say in record numbers

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A record number of consumers surveyed by Fannie Mae expect mortgage rates to keep falling, a “significant shift” in expectations that could free homeowners from the so-called “lock-in effect.” Continue reading →

Economic Outlook: Recession may be what drives rates down in 2024

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Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a “soft landing” still possible? Economists are divided on the nation’s economic outlook for 2024. Continue reading →

Homebuyers are now paying $400 less per month than in October

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After rates fell from October highs, homebuyers with a new mortgage are paying about $400 less each month. Still, there’s no buying spree — yet. Continue reading →

How well do you remember 2023’s biggest real estate stories?

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Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate’s most eventful years in recent memory. Continue reading →