As rates surged last week, demand for FHA purchase loans dropped by nearly 8 percent, according to a weekly lender survey by the Mortgage Bankers…
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First-time homebuyers who rely on government mortgage programs are “increasingly challenged” by rapid increases in home prices and higher mortgage rates. Source: Inman News
Mortgages surged to 4.6 percent Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could…
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are…
Markets pricing in only 1.7 percent chance of a 50-basis Fed rate hike on March 16, down from 41.4 percent before Russian invasion. Source: Inman…
Bond markets held steady and oil prices retreated from Thursday highs as the U.S. and its allies held off on sanctions targeting Russian oil and…
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in…
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68 percent a year ago. Source: Inman News
Bond market investors, rather than Fed policymakers, exert the strongest immediate pull on the markets that drive mortgage rate trends. Source: Inman News
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to…