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Tag: mortgage rates

Buyer interest creeps upward as mortgage rates inch down

Redfin’s Homebuyer Demand Index increased 15 points since June 15, reversing 10 straight weeks of decreasing demand that started in mid-April. In a shifting real...

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Demand for refinancing ticks up slightly as mortgage rates plateau

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

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

In a shifting real estate market, the guidance and expertise that Inman imparts are never more valuable. Whether at our events, or with our...

Wary sellers back off asking prices in June housing slowdown

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

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

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

Fannie Mae’s latest forecast is a shocker: The Real Word

This week, Byron Lazine and Nicole White discuss Fannie Mae’s new prediction for existing-home sales, summer marketing and the Marketeer. In a shifting real estate...

Demand rebounds as mortgage rates retreat from 2022 peak

Purchase mortgage applications are still down 10 percent from a year ago, with mortgage rates nearly doubling in the last 12 months, according to...
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Home affordability hits 15-year low, passing ‘inflection point’ for buyers

An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new...

Fannie Mae downgrades home sales expectations for 2022 and 2023

Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5...

Mortgage demand picked up last week before latest rate surge

Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6 percent, according to the MBA’s Weekly...

Mortgage rates surge past 6% on fears of Fed tightening

Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday. All June long we’re going deeper on...

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

Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July. All June long...

Loan servicing giant Mr. Cooper lays off another 420 workers

Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. All June long we’re going deeper on...
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