Mortgage demand fades as buyers watch rates hit 2-decade high
Fed's 'higher for longer' rate strategy drives yields on long-term Treasurys higher, and mortgage rates follow to highest levels in over 20 years, MBA lender survey shows
by Matt Carter Sep 27
Fed stays put but is prepared to hike rates one more time this year
Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing rates back down
by Matt Carter Sep 20
Demand for purchase loans picks up, but so do mortgage rates
Applications for FHA mortgages and conforming loans backed by Fannie Mae and Freddie Mac were up last week even as rates crept back toward 2023 highs seen in August
by Matt Carter Sep 20
Investors who fund most home loans get new climate risk tool
ICE teams up with DeltaTerra Capital to translate physical climate risk estimates into financial risk assessments factoring in default risk, asset price depreciation and insurance costs
by Matt Carter Sep 19
Mild recession, elevated mortgage rates eyed in 2024: Fannie Mae
Fannie Mae economists predict 'mild recession' in H1 2024, while continued strength in the economy could keep mortgage rates from coming down as much as previously expected
by Matt Carter Sep 18
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
Zonda acquires self-touring app in support of new construction portal
UTour empowers 'unattended access,' combining a voice tour generated by artificial intelligence, chat tools for in-tour buyer questions and a security feature for users
by Craig C. Rowe Sep 8
Purchase loan applications once again at lowest level since 1995
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November and 'higher for longer' policy
by Matt Carter Sep 6
Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
Hiring is on the rise, but also worse than once thought. What gives?
Real estate didn't shed an unusual number of workers in August. But there are fewer jobs than it once seemed. Intel explains the paradox
by Daniel Houston Sep 1
BoxBrownie to help 72SOLD keep its promise to sellers
Company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi
by Craig C. Rowe Aug 31
Homebuyer mortgage demand picks up for 1st time in 6 weeks
After dipping to lowest level since April 1995, applications for purchase mortgages edge up 2% week over week but remain down 27% from a year ago as mortgage rates retreat from 2023 highs
by Matt Carter Aug 30
Interest rates stay anchored after Fed chair's hawkish speech
After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell's tough talk on inflation in stride, but housing sector remains vulnerable to further rate hikes
by Matt Carter Aug 25
NAR seeks to suppress DOJ probe from jury as commission trial nears
The National Association of Realtors filed 4 requests in the US District Court in Western Missouri on Thursday involving commission rule changes, government investigations and discrimination
by Andrea V. Brambila Aug 25
Home sales will bottom out in 2023, analysts forecast. But then what?
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing
by Matt Carter Aug 23