Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market…
Posts published in “mortgage rates”
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Source:…
Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won’t change much while mortgage interest rates…
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down. …
Homebuyer affordability could improve by 9 percent by the end of next year if mortgage rates continue to fall and home prices plateau as expected,…
It’s a slow time of year for homebuying, so it’s not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn’t jump…
Fannie Mae economists are not quite as gloomy about the 2023 home sales outlook as mortgage rates retreat from 2022 highs, with more room to…
During a Connect Now session on Thursday, Zillow Senior Economist Dr. Orphe Divounguy predicted affordability will “stabilize” in 2023, setting the stage for an increase…
Half a percentage point “is still a historically large increase and we still have some ways to go,” Fed Chairman Jerome Powell warns as policymakers…