Tag Archives: mortgage rates

37% of real estate agents couldn’t pay rent in October

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Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey. Continue reading →

Homebuyer demand picks up again as mortgage rates retreat below 7%

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While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,” MBA economist says. Continue reading →

NAR chief economist predicts ‘strong rebound’ in 2024

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Lawrence Yun said home prices will rise 1 percent and sales will dip 7 percent next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices in 2023. Continue reading →

Inflation pumped brakes in October, but buyers still seeing consequences

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All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for homebuyers to see the savings. Continue reading →

Annual home price gains fall to single digits in most markets: NAR

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Annual home price growth fell from 14 percent in the second quarter to below 9 percent,, according to the National Association of Realtors latest quarterly metro home price report, released Thursday. Continue reading →

Demand for purchase loans up slightly for first time in 7 weeks

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Purchase loan applications rose 1 percent last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association. Continue reading →

Mortgage giants Fannie and Freddie battened down the hatches in Q3

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Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Continue reading →

Homebuyer sentiment falls for the 8th month in a row to all-time low

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Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it’s a good time to sell also fell, according to new data released Monday. Continue reading →

Rocket’s profits down 93% as mortgage originations fall

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With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Continue reading →