Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18? Continue reading
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers’ monthly payment dropping by $236 and nearly 7.2 million homeowners “in the money” for a refinance. Continue reading
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September. Continue reading
Homebuyer anxiety around prices and the election precipitated the fall as the National Association of Realtors’ Pending Home Sales Index declined 5.5 percent, to 70.2, the lowest index reading in 23 years. Continue reading
The Fed doesn’t have direct control over mortgage rates, but they’ve been coming down as investors are increasingly convinced that policymakers will be cutting rates at their three remaining meetings this year. Continue reading
Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up. Continue reading
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped. Continue reading
Some key factors agents will keep an eye on as the year continues include dream homebuying trends, elections, the economy, and growing and emerging markets, according to new midyear luxury reports from Compass, Coldwell Banker and Sotheby’s Internation… Continue reading
Existing-home sales tallied a 1.3 percent uptick in July following four months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023. Continue reading
Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop. Continue reading