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…
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As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Source: Inman News
Experts expect home sales and price growth to slow down, but they don’t think rising rates will knock everyone out of the market. Source: Inman…
As mortgage rates continued to retreat from 2022 highs set during the first week in May, demand for purchase loans was essentially flat last week. …
Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Source: Inman News
Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth. Source: Inman…
The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Source: Inman News
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan. Source: Inman News
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Source:…