More Americans think mortgage rates and home prices will drop
Fannie Mae's National Housing Survey shows there's greater optimism about the future, but fewer than 1 in 5 consumers thought August was a good time to buy a home
by Matt Carter Sep 9
Weak jobs report drags down stock indexes — and mortgage rates
August payroll report includes 'huge downward revisions' to previous estimates of June and July job growth, renewing recession worries and prospects for aggressive Fed rate cuts
by Matt Carter Sep 6
Is good news finally on the horizon for the real estate industry?
Bernice Ross talks with Patrick Stone, chairman and founder of Williston Financial, about interest rates, new construction and the 2024 election
by Bernice Ross Sep 6
As Americans struggle with rates, inventory, Japan sees the opposite
The East Asian island country has experienced decades of near-0% interest rates and an abundance of inventory, but the government has started to increase rates as wages have risen
Mortgage rates are tumbling again as job openings hit 18-month low
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?
by Matt Carter Sep 4
Data points to another mortgage boom if rates continue to tumble
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
by Matt Carter Sep 4
July inflation reading trims the odds of a big September rate cut
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
by Matt Carter Aug 30
Prices and politics drag pending home sales down to new low in July
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
by Marian McPherson Aug 29
Homebuyers still waiting for more listings and lower mortgage rates
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
by Matt Carter Aug 28
Mortgage a tough nut to crack for technology provider nCino
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
by Matt Carter Aug 28
US homebuyer down payments reach new record, outpace prices
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
by Richelle Hammiel Aug 28
Borrowers clash on how far rates need to fall before they're 'Golden'
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
by Daniel Houston Aug 27
Halfway through 2024, luxury looks stronger than in 2023
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
by Lillian Dickerson Aug 23
US housing market still 'sluggish' despite existing-home sales gains
Existing-home sales tallied a 1.3% uptick in July following 4 months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023
by Marian McPherson Aug 22
Investors now certain Fed will cut in September. But by how much?
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
by Matt Carter Aug 21