Tag Archives: mortgage rates

Mortgage rates under pressure again with inflation at 40-year high

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Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July. Continue reading →

What does it mean when even the wealthiest step back from buying?

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Luxury deals are down 18 percent year over year, and buyers are more cautious than they’ve been in years, a sign the market is continuing to normalize, according to agents and a new Redfin report. Continue reading →

Manhattan median rent hits new $4K high, according to report

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Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent. Continue reading →

Sales declines, price drops and the return of buyer incentives: Oh my!

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It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey. Continue reading →

Mortgage demand drops to 22-year low as rates rebound: MBA survey

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As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Continue reading →

The shifting market will slow prices down — but won’t stop them cold

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The market is reaching a turning point in which price reductions are more common. But that doesn’t mean homes can’t still appreciate in value. Continue reading →

Loan servicing giant Mr. Cooper lays off another 420 workers

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Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. Continue reading →

Is it a housing bubble? Nearly 68% of housing markets are overvalued

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Data from analytics firm CoreLogic shows 67.9 percent of U.S. regional housing markets were overvalued as of the latest available data from March, meaning incomes in those markets can no longer support home prices. Continue reading →