Tag Archives: mortgage rates

Mortgage applications surged last week but rates are climbing again

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Applications for purchase mortgages rose 5 percent last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up. Continue reading →

Fed signals it may be done raising rates, but Powell won’t talk pivot

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Bank failures and potential debt ceiling showdown are wildcards for Fed policymakers weighing their next move as the threat of recession looms. Continue reading →

Fannie and Freddie boost profits even as mortgage business tanks

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The $68 billion in single-family mortgages Fannie Mae acquired during the first quarter made it the slowest period in more than 20 years. Continue reading →

Homebuyer demand for purchase mortgages up despite higher rates

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Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just one more time this year and then reverse course. Continue reading →

Home sales will be ‘subdued’ for rest of 2023, Fannie Mae projects

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The housing sector’s resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie’s latest monthly forecast. Continue reading →

Compass CEO: Buyers will deal with higher rates. Sellers? Not so much

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During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust. Continue reading →

Listing shortages kept prices from falling in Q1: Fannie Mae

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The mortgage giant’s quarterly Home Price Index shows national home prices were up 1 percent during the first quarter of 2023 compared to the final three months of 2022. Continue reading →

Poll shows most Americans still think it’s a bad time to buy

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Consumer sentiment ticked up slightly in March as confidence in selling conditions improved and fewer people worried about losing their jobs. Continue reading →