Although inventory shortages are starting to ease, falling sales are driving the trend as homes are less affordable then they’ve been since the mid-1980s Source:…
Posts published in “mortgage rates”
The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a…
The second quarter of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least two decades. Source: Inman…
As demand picks up for government loans favored by entry-level buyers, the average purchase mortgage request has shrunk by 10 percent, to $413,500. Source: Inman…
This week, Byron Lazine and Nicole White discuss Fannie Mae’s new prediction for existing-home sales, summer marketing and the Marketeer. Source: Inman News
Purchase mortgage applications are still down 10 percent from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a…
Harvard’s Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes. Source: Inman News
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast…
Higher mortgage rates are now “housing market’s primary constraint,” economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5 percent…
After bond market sell-off Friday and Monday, investors take Fed’s 75 basis-point rate hike in stride. “The Fed managed to hint at today’s move,” said…