Tag Archives: mortgage rates

A new normal, or a ‘new weird’? Home prices climb despite 6% rates

By | | Uncategorized
Comments Off on A new normal, or a ‘new weird’? Home prices climb despite 6% rates

As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It’s a strange time, a Redfin economist says. Continue reading →

As it keeps hiking short-term rates, Fed stays the course on mortgages

By | | Uncategorized
Comments Off on As it keeps hiking short-term rates, Fed stays the course on mortgages

Fed Chair Jerome Powell says policymakers are not ready to start selling off Treasurys and mortgage debt to accelerate the balance sheet runoff. Continue reading →

Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

By | | Uncategorized
Comments Off on Don’t expect mortgage rate relief in 2023, Fannie Mae warns in forecast

Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control. Continue reading →

Demand for home loans picks up for first time in 6 weeks

By | | Uncategorized
Comments Off on Demand for home loans picks up for first time in 6 weeks

Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the MBA’s latest Mortgage Applications Survey. Continue reading →

Inman’s ultimate guide to navigating the topsy-turvy fall housing market

By | | Uncategorized
Comments Off on Inman’s ultimate guide to navigating the topsy-turvy fall housing market

Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading →

Competition between top mortgage lenders for homebuyers heats up

By | | Uncategorized
Comments Off on Competition between top mortgage lenders for homebuyers heats up

Rocket Mortgage rolls out “Inflation Buster” mortgage, which provides a lower rate for one year, as it battles rival United Wholesale Mortgage for homebuyer market share. Continue reading →

Cash still king as nearly a third of homebuyers spurn costly mortgages 

By | | Uncategorized
Comments Off on Cash still king as nearly a third of homebuyers spurn costly mortgages 

All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin. Continue reading →

Mortgage rates pass 6% as demand for loans continues dramatic fall

By | | Uncategorized
Comments Off on Mortgage rates pass 6% as demand for loans continues dramatic fall

Purchase loan applications fell 29 percent from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index. Continue reading →

Mortgage demand flattens as rates make another run toward 6%

By | | Uncategorized
Comments Off on Mortgage demand flattens as rates make another run toward 6%

There’s no sign of a rebound in purchase applications, but August data showing a strong job market “should support housing demand,” an MBA economist says. Continue reading →