Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report, released Thursday
by Matt Carter Apr 28
The US economy's run stalls, but real estate forges ahead
The nation's gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment
by Daniel Houston Apr 28
Zillow changes tune on 2023 home values and sales. Here's why
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What's with the downgrade?
by Lillian Dickerson Apr 22
Rising mortgage rates most difficult for first-time homebuyers: MBA
As rates surged last week, demand for FHA purchase loans dropped by nearly 8%, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday
by Matt Carter Apr 6
Rising mortgage rates take a toll on demand for FHA, VA loans
First-time homebuyers who rely on government mortgage programs are 'increasingly challenged' by rapid home price increases and higher mortgage rates
by Matt Carter Mar 23
Inflation warning sends mortgage rates soaring
Mortgages surged to 4.6% Monday, the highest since March 2019, after Fed Chair Jerome Powell said the war in Ukraine and supply disruptions could drive inflation beyond previous forecasts
by Matt Carter Mar 22
Rate hikes, Ukraine won't derail spring homebuying — necessarily
Rates remain low by historical standards and could retreat from recent highs. Lenders eager to make up for a precipitous drop in refinancings, meanwhile, are scrambling to win new business
by Matt Carter Mar 17
Mortgage rates reverse course on rising Ukraine uncertainty
Markets pricing in only 1.7 percent chance of a 50-basis Fed rate hike on March 16, down from 41.4 percent before Russian invasion
by Matt Carter Mar 2
Fed may dial back pace of rate hikes over Ukraine uncertainty
Bond markets hold steady and oil prices retreat as the U.S. and its Western allies hold off sanctions targeting Russian oil and gas exports
by Matt Carter Feb 24
Pent-up demand could prop up home sales as mortgage rates rise
Fannie Mae economists say a recent runup in mortgage rates and home prices could help cool home price appreciation, without putting a major dent in home sales
by Matt Carter Feb 23
Demand for purchase mortgages down for 3rd week in a row
As rates keep rising, requests to refinance accounted for just half of mortgage applications, down from 68% a year ago
by Matt Carter Feb 23
How mortgage rates hit 4% ahead of schedule, flummoxing forecasters
Bond market investors, not Fed policymakers, exert the strongest immediate pull on markets that drive mortgage rate trends
by Matt Carter Feb 14
Mortgage rates rise above 4% for first time since December 2019
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to new Optimal Blue Mortgage Market data
by Matt Carter Feb 11
Demand for mortgages sags as rates keep rising
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000
by Matt Carter Feb 9
Glenn Sanford on the 1 player that could change the game in 2022
The founder of eXp Realty told Brad Inman there's plenty of business for agents in the year ahead during a Connect Now session Tuesday, but he's also keeping an eye on potential setbacks
by Daniel Houston Jan 25