Tag Archives: mortgage rates

Rising mortgage rates take wind out of spring homebuying sails

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Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt. Continue reading →

Lower rates could bring more home sales: Fannie Mae forecast

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While Fannie Mae economists see mortgage rates coming down by a full percentage point, forecasters at the Mortgage Bankers Association have issued a more cautious take. Continue reading →

Most homebuyers see a recession ahead. Some are even asking for it

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Nearly twice as many Realtor.com visitors say they would be more likely to buy if a recession hits compared to the share who say they’d be less likely to buy if the economy fails, new polling shows. Continue reading →

Mortgage rates surge on Moody’s downgrade of US credit rating

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Moody’s Ratings is the last credit agency to strip U.S. of most favorable debt rating over concerns that Congress and “successive U.S. administrations” have failed to tackle annual budget deficits, growing interest costs. Continue reading →

The spring sizzle fizzles: Economic jitters chill buyer demand

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Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin. Pending homes sales declined 3.4 percent year over year during the four weeks end… Continue reading →

Consumer sentiment is hurting, but economy hasn’t faltered

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The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market. Continue reading →

Builders pull back from new construction once again in April

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April’s housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn’t far behind. Continue reading →

Homebuyers out in force for a 2nd week as mortgage rates stabilize

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With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading →

Move-up homebuyers drive surge in mortgage loan applications

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Purchase loan demand was up 11 percent last week, with “surprisingly strong” demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says. Continue reading →

A June rate cut is now seen as off the table as Fed stays put

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Central bank policymakers need time to assess Trump administration’s “substantial policy changes” in areas including tariffs, immigration, taxation and regulations Continue reading →