Homebuyer loan requests jump 25% as mortgage rates continue to fall
After 2 months of declines, mortgage rates are now at their lowest level since September with potential to spur spring homebuying: MBA economist
by Matt Carter Jan 18
Agree to disagree: 11 real estate leaders dust off crystal ball for 2023
The market isn't done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point
by Daniel Houston Jan 17
Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12
Refis ramp up as rates fall to 6.28% — but homebuyers stay on the fence
Requests to refinance accounted for 31% of all loan applications last week, well below the past decade’s average of 58%, according to a weekly MBA lender survey
by Matt Carter Jan 11
Homebuyer sentiment ticks up again on signs of market top
More consumers are coming around to economists' views that home prices and mortgage rates probably peaked last year, according to a monthly survey by Fannie Mae
by Matt Carter Jan 9
older millennial
Mortgage rates remain well below 2022 highs as the spring homebuying season approaches, according to a weekly lender survey by the Mortgage Bankers Association
by Matt Carter Jan 4
The biggest mortgage, lending and housing finance stories of 2022
The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to 'right size' and helped crown a new leader in mortgage lending
by Matt Carter Dec 28
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Bah humbug! Mortgage rates fall, but holidays curtail buyer demand
It's a slow time of year for homebuying, so it's not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn't jump last week
by Matt Carter Dec 21
Improved mortgage rate outlook could bode well for home sales
Fannie Mae economists not quite as gloomy about 2023 home sales outlook as mortgage rates retreat from 2022 highs and with potentially more room to ease
by Matt Carter Dec 19
Fed slows rate hikes, but remains wary of entrenched inflation
50 basis points 'is still a historically large increase and we still have some ways to go,' Fed Chairman Jerome Powell warns after policymakers wrap up final meeting of the year
by Matt Carter Dec 14
Homebuyers take notice as mortgage rates continue to fall
Demand for purchase loans has increased in 5 out of the past 6 weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday
by Matt Carter Dec 14
Reduced refi fears could help ease pressure on mortgage rates
Mortgage investors have been demanding higher yields because of fears of prepayment risk if the loans they're funding now are refinanced when rates fall
by Matt Carter Dec 13
Mortgage rates fall — but so does demand, breaking 4-week streak
As mortgage rates continue to retreat from 2022 highs, all eyes will be on Federal Reserve as policymakers conduct their final meeting of the year next week
by Matt Carter Dec 7
Purchase mortgage demand up 4th week in a row as rates fall
Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to MBA lender survey
by Matt Carter Nov 30