Poll shows most Americans still think it's a bad time to buy
Fannie Mae survey shows sentiment ticked up slightly in March with consumers becoming more confident about homeselling conditions and less worried about losing their jobs
by Matt Carter Apr 10
Falling mortgage rates and home prices spur homebuyer interest
Demand for purchase loans picks up for the 4th straight week as mortgage rates continue to retreat from 2023 highs, according to a Mortgage Bankers Association survey on Wednesday
by Matt Carter Mar 29
Bank turmoil could spark 'modest' recession in second half of year
Fannie Mae economists say downturn won't rival the 2008 financial crisis, but jumbo mortgages and construction loans could get scarce if small and midsized regional banks tighten
by Matt Carter Mar 24
Mortgage rates headed past 7% after Powell warns Congress on inflation
Futures markets are taking the Fed chair at his word that policymakers may have to hike rates faster and take them higher to combat inflation
by Matt Carter Mar 8
Rising mortgage rates a headwind for spring homebuying season
After 3 straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the 2nd week in a row
by Matt Carter Mar 1
Homebuyer demand cools to lowest level since 1995 as rates rebound
Demand for purchase loans down 18% week over week and 41% from a year ago as mortgage rates rise for the second week in a row to hit new 2023 highs, MBA survey shows
by Matt Carter Feb 22
Demand for purchase loans sinks as mortgage rates rebound
Mortgage rates have been inching up from 2023 lows following a strong jobs report and January's Consumer Price Index readout, which shows only a slight cooling in inflation
by Matt Carter Feb 15
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
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
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
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
Homebuyers have appetite for down payment assistance info, Zillow says
Zillow revealed Thursday that 1M users have queried its Down Payment Resource database since the real estate search portal partnered with the data provider a year ago as home prices soared
by Matt Carter Dec 15
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
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
Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit will be increased by 12% to $726,200 in most parts of the country
by Matt Carter Nov 29