Mortgage rates bounce back to July levels on inflation worries
Another worry for bond market investors is quantitative tightening, the Fed's program to trim its massive holdings of government debt and mortgage-backed securities
by Matt Carter Oct 21
Strong economy may prop up home prices, mortgage rates
Fannie Mae economists say surprising strength of the US economy means home prices are likely to keep rising, and mortgage rates may not come down as quickly as previously expected
by Matt Carter Oct 17
Would-be homebuyers put off by higher mortgage rates
Demand for purchase mortgages fell by a seasonally adjusted 7% last week, and requests to refinance were down 26% as mortgage rates continued to climb, MBA survey finds
by Matt Carter Oct 16
LoanSnap's business dried up. Now regulators are after its licenses
Connecticut has entered into a consent decree revoking the fintech mortgage lender's license, and LoanSnap has been put on notice by California regulators that they intend to do the same
by Matt Carter Oct 11
Latest inflation numbers could give mortgage rates additional lift
Reports send mixed signals on the economy, with CPI showing prices rose more sharply than expected in September and jobless claims surging to highest level in more than a year
by Matt Carter Oct 10
Mortgage rates keep rising on strong jobs, economic data
Strong job market rekindles inflation worries, raising the prospect that Federal Reserve policymakers are increasingly likely to cut rates by only a hair in November -- if at all
by Matt Carter Oct 9
Consumer housing sentiment hits 30-month high in September
More than 8 in 10 Americans still said it was a bad time to buy a home, and mortgage rates have been climbing again since Fannie Mae conducted the monthly National Housing Survey
by Matt Carter Oct 7
Mortgage rates are soaring on strong September jobs report
With a soft landing seen as more likely, analysts say Fed can be more cautious about the pace of future rate cuts and mortgage rates aren't likely to fall below 6% anytime soon
by Matt Carter Oct 4
Homebuyers entering the market even as mortgage rates stabilize
Purchase loan applications are up 9% from a year ago, as inventories of new and existing homes increase and lower mortgage rates help with affordability, MBA lender survey suggests
by Matt Carter Oct 2
New inflation data gives mortgage rates room to keep coming down
With inflation continuing to inch closer to the Fed's 2% goal in August, bond market investors are getting more confident that the central bank will continue to cut rates aggressively in November
by Matt Carter Sep 27
Homebuyer demand hardly budged as mortgage rates hit 2024 lows
While many homeowners rushed to refinance, affordability is keeping a damper on sales. Now mortgage rates are climbing again, with investors having already priced in last week's Fed rate cut
by Matt Carter Sep 25
That big Fed rate cut was no panacea for housing: Fitch analysts
Fed easing was already priced into mortgage rates, but there's room for more relief if investors who fund most home loans get less skittish about prepayment risk and quantitative tightening
by Matt Carter Sep 19
Fed begins rate-cutting campaign with reduction in federal funds rate
Central bank policymakers drop short-term rates by 1/2 percentage point and signal more cuts ahead, but much of the impact may have already been priced in to mortgage rates
by Matt Carter Sep 18
Investors' expectations for big Fed rate cut rise on new data releases
Investors who fund most mortgages have already priced in several rate cuts, so further declines could depend on what next week's 'dot plot' says about expectations for the pace of future cuts
by Matt Carter Sep 13
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