Mortgage rates down sharply as tariff worries spark flight to safety
Heightened fears of a trade war and recession have investors convinced the Fed will start cutting rates again in June, a sentiment that gives mortgage rates more room to come down
by Matt Carter Apr 4
Condos are selling below list price as fees discourage buyers
68.4% of condos sold below their asking price — the highest share in 5 years. That's a jump from 63.3% last year, signaling a cooling condo market, according to a Redfin report
by Richelle Hammiel Apr 3
Trump announces universal tariffs of at least 10% on most nations
Sweeping plan imposes higher duties on 'worst offenders' and is in addition to 25% tariff on foreign automobiles slated to take effect April 3, president says at White House press conference
by Matt Carter Apr 2
Homebuyers are responding to stable rates, rising inventories
Demand for purchase mortgages has been stronger than a year ago for more than 2 months as mortgage rates stay well below 2025 highs seen in January, MBA lender surveys show
by Matt Carter Apr 2
Rates have room to come down as economy cools: Fannie Mae
Tariffs are expected to rekindle inflation and slow economic growth, but the recent pullback in mortgage rates should provide a 'small boost' to home sales this year, economists say
by Matt Carter Mar 28
Most Gen Z sellers have regrets over pandemic home purchases
Five years after the arrival of COVID in the US, 94% of Gen Z and 86% of millennial first-time homesellers say they regret their pandemic-era purchase, according to an analysis by Opendoor
by Richelle Hammiel Mar 27
Pending home sales tick up as buyers make cautious comeback
The Pending Home Sales Index (PHSI) rose by 2.0% to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6% compared to last year
by Richelle Hammiel Mar 27
Homebuyers respond as mortgage rates hover near 2025 lows
Purchase loan requests are up 7% from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities: MBA survey
by Matt Carter Mar 26
Trump's FHFA could rein in Fannie and Freddie's high-end lending
Cutting the mortgage giants' $806.5K conforming loan limit could relieve pressure on home prices, but leave more homebuyers seeking jumbo mortgages at higher rates from private lenders
by Matt Carter Mar 25
US home prices rose modestly in January, led by NYC and Chicago
The FHFA Housing Price Index posted a 4.8% annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1%, according to new data released Tuesday
by Richelle Hammiel Mar 25
New-home sales rebound in February after winter weather bout
Sales of new single-family homes hit a seasonally adjusted annual rate of 676K in February — an uptick of 5.1% — and roughly met economists' expectations, according to data released Tuesday
by Lillian Dickerson Mar 25
Existing-home sales rebounded in February amid inventory uptick
As buyers cautiously reentered the market, existing-home sales rose 4.2% from January to 4.26M, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2%
by Richelle Hammiel Mar 20
real estate economist
Windermere Real Estate Principal Economist Jeff Tucker looks at active listings, inflation and mortgage rates, which spell out 'a recipe for pretty good shopping conditions for buyers'
by Jeff Tucker Mar 20
Surprise Fed move takes some pressure off of mortgage rates
Central bank dials back Treasury rolloffs but is not ready to cut short-term interest rates, as Fed policymakers indicate they're more worried about inflation than they were in December
by Matt Carter Mar 19
Pulte chair of Fannie, Freddie after 14 board members are purged
Less than a week after being confirmed by the Senate to lead the FHFA, homebuilder scion Bill Pulte launches a campaign to cut alleged wasteful spending at the mortgage giants
by Matt Carter Mar 18