Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time. Continue reading
The Fed chair acknowledged that in principle, elevated term premiums — higher rates of return bond investors are demanding to compensate them for risk — could reduce the need for further rate hikes. Continue reading
Mortgage rates continued their relentless rise this week to levels not seen in two decades, fueled by a bear market for bonds that fund government borrowing and most home loans. Continue reading
Fed’s “higher for longer” rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts. Continue reading
NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide “spread” between 10-year Treasurys and mortgage rates. Continue reading
Homebuyer demand for mortgages inched up slightly last week, as rates climbed to the highest level in more than two decades, according to the Mortgage Bankers Association’s weekly survey. Continue reading
Dovish remarks from Fed policymakers help ease fears of more rate hikes, bringing yields on benchmark 10-year Treasury notes back to where they were at the beginning of October. Continue reading
MBA, NAR and NAHB say uncertainty over the Federal Reserve’s next moves is disrupting the housing sector and threatening to send the U.S. economy into a tailspin Continue reading
More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading
Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue “higher for longer” rate strategy. Continue reading