Some borrwers were quick to spring into action, with applications for purchase loans rising by a seasonally adjusted 2% and requests to refinance up 5% week over week, MBA survey shows
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
Fannie Mae's latest National Housing Survey finds 67% of Americans agree April was a good time to sell, the highest level in nearly 2 years. But only 20% said it was a good time to buy
Rates have been in retreat as bond market investors who fund most mortgage loans react to the latest economic news and scaleback in 'quantitative tightening' by Fed policymakers
Fed policymakers will slow the pace of 'quantitative tightening' — an unwinding of the central bank's $7T balance sheet — to $40B a month, less than half the pace envisioned 2 years ago
Requests for purchase loans dropped by 1% last week compared to the work before and were off 15% from a year ago, according to the latest Mortgage Bankers Association lender survey
Rates for conforming loans pushed through 7% last week and continue to rise, as latest inflation data and remarks by Fed Chair Jerome Powell dim prospects that Fed will ease in June
Mortgage rates have already reclaimed much of the territory ceded last year and are poised to continue rising this week as latest numbers show inflation continuing to run hot
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won't cut rates in June
Jamie Dimon thinks interest rates could rise to 8% or more. He also said in a new letter that a recession and stagflation could be in the offing
MBA surveys show purchase loan applications have been flat for 2 consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in
Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry
The Federal Reserve's preferred inflation gauge moved in the wrong direction last month for the first time since September, but core inflation fell for the 13th consecutive month, to 2.8%
With a key inflation report due Friday, rates have retreated to levels not seen in 2 weeks after Fed Chair Jerome Powell signals central bank could ease up on 'quantitative tightening'
In addition to anticipating 3 rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank's $7T balance sheet