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…
Posts published in “mortgage rates”
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they’re taking a second look. Source: Inman News
Dramatic inflation reading fuels speculation that Federal Reserve policymakers will implement drastic 75-basis point interest rate hike Wednesday. Source: Inman News
Homebuyer budgets increased by 0.3 percent annually while prices tallied record gains, according to a new analysis by Redfin released Monday. Source: Inman News
Bond market investors wary that Fed will be forced to implement drastic 75-basis point rate hike in June or July. Source: Inman News
Luxury deals are down 18 percent year over year, and buyers are more cautious than they’ve been in years, a sign the market is continuing…
Someone applying for a typical Manhattan apartment would need to make a salary of $157,000 per year in order to afford the rent. Source: Inman…
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have…
As Fed embarks on “quantitative tightening,” interest rates could come under renewed pressure. Source: Inman News
The market is reaching a turning point in which price reductions are more common. But that doesn’t mean homes can’t still appreciate in value. Source:…