Tag Archives: mortgage rates

Economists agree rates have peaked. But will they come down?

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Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years. Continue reading →

Homebuyers perk up as mortgage rates hit lowest level in 2 months

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Requests for purchase loans were up 4 percent last week compared to the week before, but down 20 percent from the same time a year ago, according to a weekly survey of lenders by the Mortgage Bankers Association. Continue reading →

Like a boyfriend, the perfect lender is experienced, well-funded: Triple-I

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Neither brand recognition nor the promise of lower rates were as valuable to agents as a mortgage lender’s ability to reliably obtain funding, according to results from the latest Inman Intel Index. Continue reading →

Mortgage rates post biggest 1-day drop since onset of the pandemic

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Tuesday’s big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Fed is done hiking rates and may reverse course in the spring. Continue reading →

Robert Reffkin: What we have now is a ‘connection issue’

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The CEO stressed to agents during a keynote address at Compass RETREAT on Tuesday that getting back to basics and forging sincere connections with clients would be the key to surviving and thriving in the current market. Continue reading →

Mortgage rates inch back up after Powell warns Fed could hike again

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Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and “we are not confident that we have achieved such a stance.” Continue reading →

Homebuyers respond to biggest drop in mortgage rates this year

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Purchase mortgage applications trended up last week for the first time in nearly a month as mortgage rates retreated from 2023 highs, according to the MBA’s weekly survey of lenders. Continue reading →

Record 85% of Americans said October was a bad time to buy

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Monthly Fannie Mae survey shows homebuyer pessimism at a high for records dating back to 2010, but a broader index aimed at capturing overall housing market sentiment improved in October. Continue reading →

Big drop in mortgage rates as unemployment hints at recession

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After breaching 8 percent in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring. Continue reading →

Impact of ‘lock-in effect’ on listings may have been overstated

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Fannie Mae researchers say rising mortgage rates aren’t the only reason homeowners have been reluctant to sell, and rates coming back down won’t necessarily produce a flood of for-sale listings. Continue reading →