Applications for purchase loans fell 5 percent last week as rates climbed to highest level since February over concerns about inflation and growing government debt.
Source: Inman News
Rising mortgage rates take wind out of spring homebuying sails
Published in danielle hale, economic recession, economists, economy, fannie mae, homebuying season, inflation, inman connect, Markets & Economy, Mike Fratantoni, Mortgage, mortgage bankers association, Mortgage News Daily, mortgage rates, Optimal Blue, realtor.com, san diego, Select and Tariffs
More from danielle haleMore posts in danielle hale »
- Home investors’ strategies vary by location: Here’s where they’re getting the most for their money
- Tailwinds pull October existing-home sales up 1.2%
- 48% of Americans blame investors for ‘unreasonable’ housing costs
- ‘Not a shift, a transition,’ 2 reports say of homebuying market
- Here are the markets where homebuyers have the upper hand
More from economic recessionMore posts in economic recession »
More from economistsMore posts in economists »
More from economyMore posts in economy »
- 3 under-the-radar trends from October’s Intel Index survey
- Homebuying off to strongest November start since 2022
- Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so
- Mortgage rates spike as Powell warns December rate cut is iffy
- Lower mortgage rates spur homebuyers, but mostly refis
More from fannie maeMore posts in fannie mae »
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
- Rising unemployment revives prospects for December rate cut
More from homebuying seasonMore posts in homebuying season »
- August existing-home sales may have been lowest in a decade
- RE/MAX stays profitable as US agent count, revenue decline
- New-home sales climb nearly 11%, but figures may be ‘overestimated’
- A ‘herky jerky’ start to the spring buyer season isn’t deterring agents
- Pending home sales jump as buyers eye lower mortgage rates
More from inflationMore posts in inflation »
- Homebuyers came out in force last week, and rates are trending down
- ‘More persistent headwinds’ plague housing market as prices barely budge
- Rising unemployment revives prospects for December rate cut
- ‘I’d love to fire his ass,’ Trump says of Fed Chair Jerome Powell
- Rebounding mortgage rates dampen homebuyers’ appetites
More from inman connectMore posts in inman connect »
- The fallout from NAR’s big reversal: Take the Intel Index survey today
- Inman is celebrating 30 years of community, and you’re invited
- From Vegas to venture capital: Navigating the uncertain path of the proptech founder
- Innovation takes the stage at Inman Connect New York
- The path for Compass-Anywhere: Take the Intel Index survey today
More from Markets & EconomyMore posts in Markets & Economy »
- Dual licensing is on the rise. Is it the right move for your business?
- Change strategy as the market shifts to win the listings long game
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
More from Mike FratantoniMore posts in Mike Fratantoni »
- Rising unemployment revives prospects for December rate cut
- Mortgage rates spike as Powell warns December rate cut is iffy
- Lower mortgage rates spur homebuyers, but mostly refis
- Shutdown slowing FHA, VA approvals; USDA loans are on hold
- Fed signals it’s just getting started with 1/4 percentage point rate cut
More from MortgageMore posts in Mortgage »
- Bayview merger positions Guild Mortgage for refinancing boom
- Rep. Eric Swalwell sues Pulte, FHFA, Fannie Mae and Freddie Mac
- Homebuyers came out in force last week, and rates are trending down
- Fannie and Freddie cleared to back loans of up to $832,750 in 2026
- Realtor who tipped Pulte to Schiff loans now a witness [EXCLUSIVE]
More from mortgage bankers associationMore posts in mortgage bankers association »
More from Mortgage News DailyMore posts in Mortgage News Daily »
- Let’s fill in the economic puzzle pieces as key data goes missing
- Mortgage rates spike as Powell warns December rate cut is iffy
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- Mortgage rates plummet to new 2025 low on anemic jobs report
- Mortgage rates drop sharply as Powell shifts stance on rate cuts
More from mortgage ratesMore posts in mortgage rates »
- Redfin on 2026: Affordability improves, sales rise only slightly
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- Homebuyers came out in force last week, and rates are trending down
- October was another slow month for pending home sales
- Delistings and discounts jump as holiday season approaches
More from Optimal BlueMore posts in Optimal Blue »
More from realtor.comMore posts in realtor.com »
- Zillow reverses course and removes climate data from listings
- Shutdown blip, or worrying trend? Agent pipelines thin in November
- After failed NAR vote, brokerages beef up referral disclosures
- What it takes to build a $100M real estate brand with heart
- Zillow’s SkyTour uses complex 3D tech to simplify home search
More from san diegoMore posts in san diego »
- Bayview merger positions Guild Mortgage for refinancing boom
- Delistings and discounts jump as holiday season approaches
- The fallout from NAR’s big reversal: Take the Intel Index survey today
- 53% of US homes lost value from 2024 — but it’s not a crash
- Inman is celebrating 30 years of community, and you’re invited
More from SelectMore posts in Select »
- This team is jumping on the private listing platform trend (EXCLUSIVE)
- Redfin on 2026: Affordability improves, sales rise only slightly
- Dual licensing is on the rise. Is it the right move for your business?
- Future-proof your digital footprint for 2026 (and beyond)
- Change strategy as the market shifts to win the listings long game
More from TariffsMore posts in Tariffs »
- Rising unemployment revives prospects for December rate cut
- Embattled Fed Governor Lisa Cook says tariffs fueling inflation
- Trump tariff policy has soured Canadian interest in US properties
- Most Americans think mortgage rates and home prices have peaked
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
Be First to Comment