Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn. Source: Inman…
Posts published in “Joel Kan”
Demand for purchase loans fell 1 percent last week compared to the week before, and was down 41 percent from a year ago, according to…
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…
Thirty-year, fixed-rate loans hit 6.982 percent on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index…
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
Rising demand for purchase loans and refinancing as rates climb to new highs underscores volatility, with Fed expected to continue rate hikes, according to the…
Purchase applications have declined in eight of the last nine weeks, according to a weekly survey by the Mortgage Bankers Association on Wednesday. Source: Inman…
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said. Source: Inman…
Purchase loan activity has dropped in five of the last six weeks as some buyers remain wary, according to the Mortgage Bankers Association. Source: Inman…