Tag Archives: mortgage rates

Credit card revenues surpass mortgages at Wells Fargo in Q2

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Rising interest rates and a shrinking branch network are cutting into Wells Fargo’s mortgage business, and bank executives say they’re fine with that. Continue reading →

Demand for refinancing ticks up slightly as mortgage rates plateau

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Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel Kan. Continue reading →

All the glamour in store for guests at Inman Luxury Connect 2022

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Big names attending Luxury Connect are itching to share their secrets with the rest of the Inman community. Read on for the details of what’s in store for attendees. Continue reading →

Does a jump in demand fully explain the pandemic housing market?

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A new report from the Fed suggests it was spiking demand, not a lack of homes for sale, that sent prices skyrocketing over the past two years. Continue reading →

Here are the mistakes agents must avoid: The Real Word

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This week, Byron Lazine and Nicole White discuss mistakes agents make when competing, consumer recession fears and the Marketeer. Continue reading →

As recession looms, consumers see tide turning in favor of homebuyers

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Fannie Mae finds 81 percent of Americans think the economy is on the wrong track, but the share of consumers who think it’s a good time to buy ticked up in June. Continue reading →

Mortgage rates easing on recession fears, but homebuyers not biting

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Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. Continue reading →

Wary sellers back off asking prices in June housing slowdown

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The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market. Continue reading →

Making $67K? That’s no longer enough to buy the typical US home

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The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Continue reading →