Tag Archives: mortgage rates

Fannie and Freddie get green light to buy $1M mortgages

By | | Uncategorized
Comments Off on Fannie and Freddie get green light to buy $1M mortgages

The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country. Continue reading →

Fannie and Freddie get green light to buy $1M mortgages

By | | Uncategorized
Comments Off on Fannie and Freddie get green light to buy $1M mortgages

The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country. Continue reading →

Mortgage demand up for 3rd week in a row as rates continue to ease

By | | Uncategorized
Comments Off on Mortgage demand up for 3rd week in a row as rates continue to ease

Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation. Continue reading →

Pending home sales post record drop as deals die and price cuts soar

By | | Uncategorized
Comments Off on Pending home sales post record drop as deals die and price cuts soar

Inflation and mortgage rates took a hefty toll on homebuyers in October, with a record 60,000 home-purchase cancellations during the month, according to new data released Monday. Continue reading →

Fannie Mae economists see home sales bottoming next year

By | | Uncategorized
Comments Off on Fannie Mae economists see home sales bottoming next year

Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — “will remain in a way that has not occurred in over 40 years,” economists say. Continue reading →

Surveys reveal why some buyers don’t shop for a mortgage

By | | Uncategorized
Comments Off on Surveys reveal why some buyers don’t shop for a mortgage

Shopping around can save thousands of dollars, but one in three prospective homebuyers only get a quote from one lender, Freddie Mac surveys show. Continue reading →

Mortgage rates dropped faster this week than at any time in 40 years

By | | Uncategorized
Comments Off on Mortgage rates dropped faster this week than at any time in 40 years

The fall from 7.08 percent to 6.6 percent would save buyers approximately $100 a month on a median priced home, according to a report released Thursday from Redfin. Continue reading →

Orchard lays off 180 workers amid historic housing ‘disruption’

By | | Uncategorized
Comments Off on Orchard lays off 180 workers amid historic housing ‘disruption’

The cuts are the second time the power buyer has reduced its workforce as the market has rapidly deteriorated this year. Continue reading →

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

By | | Uncategorized
Comments Off on 37% of real estate agents couldn’t pay rent in October

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%

By | | Uncategorized
Comments Off on Homebuyer demand picks up again as mortgage rates retreat below 7%

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 →