Bond market investors who fund most mortgages are already certain the Fed will slash rates this month. The question has become how much will policymakers cut on Sept. 18, Nov. 7 and Dec. 18?
If mortgage rates fall by another percentage point, ICE Mortgage sees homebuyers' monthly payment dropping by $236 and nearly 7.2 million homeowners 'in the money' for a refinance
Buyers failed to bite this summer despite falling mortgage rates. It has agents as down as they've been all year heading into the NAR settlement era, according to Intel's Client Pipeline Tracker
PCE price index shows inflation continued to cool in July, but at a gentle enough pace that Fed policymakers are now seen as likely to only bring rates down by a hair in September
Buyer anxiety around prices and the election precipitated the fall as the National Association of Realtors' Pending Home Sales Index declined 5.5%, to 70.2, the lowest index reading in 23 years
Procedural fairness pertains to the just treatment of the processes and methods used to make eminent domain decisions and resolve disputes, real estate educator Lee Davenport writes
The Fed doesn't have direct control over mortgage rates, but they've come down dramatically as investors are convinced policymakers will cut rates at their 3 remaining 2024 meetings
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped
Key factors agents will keep an eye on as the year continues include dream home buying trends, elections, the economy and emerging markets, according to new midyear luxury reports
Falling mortgage rates have more homeowners interested in refinancing, but homebuyers are largely staying on the sidelines. Rates may now be poised for a bigger drop
Affordability challenges will limit growth in home sales to 0.5% this year — to just 4.78M — before surging to 5.19M in 2025, according to the latest housing forecast from Fannie Mae economists
The average loan balance for first mortgages rose from $345,761 in Q1 to $356,993 in Q2, the Mortgage Bankers Association reported
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped
The latest adjustment marks the lowest a typical payment has been in 6 months — and, with a mere 1% month-over-month increase, the smallest uptick in 5 years, according to a Redfin analysis
Investors see a September rate cut as a given, but the latest inflation data suggests recession fears are overblown and that the Fed will start out with a modest, 25-basis point reduction