Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades. Continue reading
Fed Governor Michelle Bowman warns bankers that she thinks the Fed may need to hike rates more than once and keep them high next year to get inflation under control. Continue reading
Fed’s “higher for longer” rate strategy drives yields on long-term Treasurys higher, with mortgage rates following to highest levels in over 20 years, MBA survey shows. Continue reading
Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time. Continue reading
The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations. Continue reading
Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report. Continue reading
Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading
Applications for FHA mortgages and conforming loans backed by Fannie and Freddie were up last week, even as rates crept back toward 2023 highs registered in August. Continue reading
Fannie Mae economists predict “mild recession” next year, but say mortgage rates may not ease as much as previously expected. Continue reading