Tag Archives: mortgage rates

Pending home sales stagnate in November despite rate relief

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November’s numbers show pending sales didn’t move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead. Continue reading →

Mortgage rates are in free fall as economy continues to cool

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While Fed policymakers had forecast three rate cuts next year, futures markets now see an 85 percent chance of at least six rate cuts after a key inflation metric shows the economy is cooling rapidly. Continue reading →

Lower mortgage rates failed to spur homebuyers into action last week

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Demand for purchase loans has picked up in five of the past seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts. Continue reading →

Fannie Mae, MBA economists still expect mild 2024 recession

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The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year. Continue reading →

Bess Freedman says agents must ‘be present’ to succeed in 2024

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Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she’s looking forward to at ICNY. Continue reading →

Can an LA condo set a $50M record? Agents say, why not?

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LA’s luxury condo market has never seen a sales price above $35 million. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time. Continue reading →

Homebuyers continue to take advantage of falling rates

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Demand for purchase mortgages has picked up in five out of the past six weeks, and applications to refinance have roared back, jumping 27 percent from a year ago. Continue reading →

Homebuyer sentiment tallies record low amid falling rates

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Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances. Continue reading →