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,”…
Posts published in “federal reserve”
Central bank policymakers are trying to tame inflation while avoiding a deep recession. The home market could throw a wrench in those plans. Source: Inman…
Purchase loan applications rose 1 percent last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to…
Federal Reserve Chairman Jerome Powell says the pace of rate hikes could slow but may ultimately need to go higher than the forecast in September. …
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7 percent threshold, a Mortgage Bankers Association survey…
Several Fed policymakers have hinted that they’d be open to a smaller increase in short-term rates in December if there are signs that inflation is…
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday. Source: Inman News
After hitting 2022 highs last week, a weak hiring report released Tuesday has been helping to bring mortgage rates back down. Source: Inman News
Rates for borrowers with lower credit scores who are making smaller down payments climbed past 7 percent on Monday. Source: Inman News
Investors who fund mortgages are demanding unusually high premiums in comparison to government bonds, out of fears the loans they make now could quickly be…