Inflation and mortgage rates took a hefty toll on homebuyers in October, with a record 60,000 home-purchase cancellations during the month, according to new data…
Posts published in “inflation”
Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new…
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,”…
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…
Impulse purchases may come back to haunt you when you are presented with an investment opportunity but have no ability to capitalize due to past…
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62 percent. Source: Inman News
All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for…
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…
Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who…
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. …