Mortgage rates under pressure again with inflation at 40-year high
Bond market investors are wary that the Fed will be forced to implement drastic 75-basis point rate hike in June or July, as soaring cost of gas, food and rents drive inflation to 8.6% in May
by Matt Carter Jun 10
Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
CoreLogic Chief Economist Frank Nothaft dies unexpectedly
Before taking on the role of CoreLogic's chief economist, Nothaft spent nearly 3 decades at mortgage giant Freddie Mac
by Matt Carter Jun 6
Mortgage rates trend up again: Investors weigh Fed's next moves
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market
by Matt Carter Jun 1
Lumber prices sawed in half in 2nd pandemic-era plunge
The price of lumber has taken another dramatic downturn, just the latest wild swing for builders in the cost of home construction
by Daniel Houston May 31
Home sales, homebuilding headed for a slowdown, Fannie Mae says
Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines
by Matt Carter May 19
Homebuyer mortgage demand falls even as rates ease from 2022 highs
Economic uncertainty and stock market volatility may have helped drive 12% decline in prospective homebuyers’ purchase mortgage applications, delaying home searches
by Matt Carter May 18
Buyers got cold feet? 6 objection handlers to warm 'em up
Opinion
There is no question that rising interest rates have pushed us into a market shift. Here's how to have those all-important discussions with your buyer clients about timing, markets and budget
by Carl Medford May 17
Redfin economist: The Fed can change its mind
Abrupt policy shift not expected, but Fed chair confirms that, 'If things come in better than we expect, then we’re prepared to do less'
by Matt Carter May 13
Homebuyers showing 'some resiliency' to higher rates
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
by Matt Carter May 11
Homebuyer sentiment hits another new record low
A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010
by Matt Carter May 9
Homebuyer demand for mortgages 'consistent and resilient' in April
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
by Matt Carter May 8
Fed decides the fate of the housing market: The Real Word
Opinion
This week, Byron Lazine and Nicole White discussed how the Fed's decision will impact the housing market, CoStar's plans for Homes.com and the TikTok-famous Marketeer of the Week
by Byron Lazine May 6
Mortgage rates may level off as Fed unveils details of tightening plan
Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet
by Matt Carter May 4
Purchase loan demand perks up as mortgage rates plateau
Uptick in loan requests is 'potentially a good sign for the spring home buying season, which has seen a slow start thus far' says MBA forecaster Joel Kan
by Matt Carter May 4