Tag Archives: mortgage rates

Homebuyer pessimism climbed to a new record high in September

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More than 8 in 10 Americans polled by Fannie Mae said it was a bad time to buy a home, and most weren’t expecting mortgage rates to come down anytime soon. Continue reading →

Interest rates surge again on surprisingly strong jobs report

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Employers added 336,000 jobs in September, the biggest jump since January, raising the odds that the Fed will pursue “higher for longer” rate strategy. Continue reading →

Soaring rates baffle economists, frustrate housing leaders

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Economists are scratching their heads and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than two decades. Continue reading →

Bond yields soar again on Fed governor’s hawkish remarks

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Fed Governor Michelle Bowman warns bankers that she thinks the Fed may need to hike rates more than once and keep them high next year to get inflation under control. Continue reading →

Glenn Kelman sees silver lining in sales spiral: ‘It can’t go much lower’

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Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time. Continue reading →

Better cuts mortgage sales team 2 weeks after $500M SPAC raise

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The lender has become more reliant on its B2B channel, with partnerships alongside companies like Ally Bank and American Express accounting for nearly half of its mortgage originations. Continue reading →

Serious mortgage delinquencies poised to bounce from 17-year low

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Early-stage delinquencies have increased for three months in a row, suggesting that delinquency rates may be nearing a bottom, according to first look at Black Knight Mortgage Monitor report. Continue reading →

Surprisingly strong jobs report sends interest rates soaring

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Drop in unemployment claims on the heels of hawkish Fed warnings sends 10-year Treasury yields soaring to a 15-year high, with mortgage rates likely to follow. Continue reading →

Fed stays put but is prepared to hike rates one more time this year

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Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down. Continue reading →