In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5 percent surge from…
Posts published in “mortgage rates”
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out. Source: Inman News
Fannie Mae economists project sales of existing homes will fall by 3.2 percent this year to 5.945 million, which would still be the second-best year…
Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association’s Weekly Mortgage Applications…
“When all the experts unanimously agree, it makes me nervous,” Inman Publisher Brad Inman writes. “I’ll never forget the careless chorus of experts pumping up…
Mortgage rates rose 11 basis points this week as the Federal Reserve signaled it intends to shrink its balance sheet, according to Freddie Mac’s latest…
Although the Fed hasn’t set a timetable for shrinking its balance sheet, it’s likely to do so more quickly than it did after the 2007-09…
Demand for purchase loans fell to a seasonally adjusted 4 percent from two weeks ago and 12 percent from a year ago, according to the…
From low interest rates to the ongoing pandemic, a number of factors have come together to create the current inventory crisis. Source: Inman News
The housing market will cool slightly in 2022, but it will scorch as a multitude of buyers chase too few homes, according to economic experts. …