Tag Archives: mortgage rates

Mortgage rates trend up again: Investors weigh Fed’s next moves

By Matt Carter | June 1, 2022 - 6:55 pm |June 1, 2022 Uncategorized

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Demand for mortgages at lowest level since December 2018 as bottom falls out of refinancing market. Continue reading →

Is it a housing bubble? Nearly 68% of housing markets are overvalued

By Lillian Dickerson | June 1, 2022 - 4:20 pm |June 1, 2022 Uncategorized

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Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading →

Market shifts, rate hikes and why real estate stocks can’t get a break

By Jim Dalrymple II | May 30, 2022 - 9:00 am |May 30, 2022 Uncategorized

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As real estate enters what one observer called a “Wile E. Coyote” moment, real estate companies’ share prices continue to struggle amid market uncertainty. Continue reading →

Prices are softening. But don’t expect that to last, economist says

By Matt Carter | May 27, 2022 - 7:51 pm |May 27, 2022 Uncategorized

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Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply. Continue reading →

‘Sellers are starting to freak out:’ Redfin CEO sees market slowdown

By Marian McPherson | May 27, 2022 - 4:28 pm |May 27, 2022 Uncategorized

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During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift. Continue reading →

List prices are finally starting to fall

By Lillian Dickerson | May 27, 2022 - 2:21 pm |May 27, 2022 Uncategorized

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Nearly 1 in 5 homesellers dropped their listing price during the four-week period ending May 22, a high watermark unmatched since October 2019, according to a new report from Redfin. Continue reading →

Mortgage rates fall to 5.10% in biggest drop since 2020

By Ben Verde | May 26, 2022 - 3:01 pm |May 26, 2022 Uncategorized

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Rates on a 30-year mortgage dropped from 5.25 percent to 5.10 percent on Thursday, the most dramatic drop in rates since April 2020, according to Freddie Mac. Continue reading →

Pending home sales hits slowest pace in nearly 10 years

By Lillian Dickerson | May 26, 2022 - 2:36 pm |May 26, 2022 Uncategorized

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Pending home sales dropped 3.9 percent from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR. Continue reading →

Lower mortgage rates fail to rekindle homebuyer interest

By Matt Carter | May 25, 2022 - 11:00 am |May 25, 2022 Uncategorized

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As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. Continue reading →

New home sales hit 2-year low, falling well short of expectations

By Lillian Dickerson | May 24, 2022 - 3:14 pm |May 24, 2022 Uncategorized

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New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5 percent, according to Census Bureau data. Continue reading →