Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation
The power buyer previously cut 20% of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales
While purchase loan applications were up 4% week over week, there's still 'very little refinance incentive with rates so much higher than last year,' MBA forecaster says
Central bank policymakers are trying to tame inflation while avoiding a deep recession. The home market could throw a wrench in those plans
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62%
Purchase loan applications rose 1% last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to the Mortgage Bankers Association
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday
Federal Reserve Chairman Jerome Powell says pace of rate hikes could slow but may ultimately need to go higher than policymakers had forecast at their September meeting
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
Several Fed policymakers have hinted that they'd be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
A rate index published by Mortgage News Daily shows rates on 30-year fixed mortgages averaging 7.14 percent on Tuesday
After hitting 2022 highs last week, a weak hiring report released Tuesday by the Bureau of Labor Statistics has been helping to bring mortgage rates back down
Rates for borrowers with credit scores below 680 making down payments of less than 20 percent climbed past 7% on Monday, according to Optimal Blue