Harbingers of real relief from inflationary pressures will come in the second half of 2024, as the U.S. economy deals with ¡ª if not a recession ¡ª definitely an economic slowdown, said Susan Wachter, professor of real estate finance at ...
Mortgage rates fell to their lowest mark since August, hovering just above the 7% mark, according to the latest data from Freddie Mac.? The 30-year fixed rate came in at an average of 7.03% for the period ending Dec. 7 ...
This past week, the 10-year Treasury yield touched levels last seen in 2007, helping to drive the 30-year fixed rate mortgage to its highest level in nearly 23 years, Freddie Mac said. Chatter is now around mortgage rates reaching the ...
A record number of consumers said right now is a bad time to purchase a home, as they are still wary of rising interest rates and high home prices, Fannie Mae said. Yet its latest Home Purchase Sentiment Index overall, ...
Federal Reserve Governor Christopher Waller mentioned the U.S. central financial institution ought to take a cautious and systematic strategy when it begins reducing rates of interest, a course of that may begin this yr absent a rebound in inflation. “So ...
Mortgage rates declined for the fifth week in a row, with the outlook pointing to further likely pullbacks in the coming months, researchers say. “Market sentiment has significantly shifted over the last month, leading to a continued decline in mortgage ...
Mortgage charges stayed in the identical vary they’ve remained in for the final a number of weeks, crawling again down 6 foundation factors for the week of Feb. 1, Freddie Mac stated. However within the wake of the Federal Open ...
For the first time since late summer, the 30-year fixed rate mortgage average is below 7% and given that the benchmark 10-year Treasury yield continues to drop significantly after the Federal Open Market Committee meeting, it is likely to keep ...
The most recent downturn in mortgage charges is a cheerful vacation reward for originators, as indicators are that the push beneath 7% has introduced customers again into the market. Freddie Mac’s Main Mortgage Market Survey for the week of Dec. ...
U.S. homebuilder sentiment improved in December for the first time in five months as falling mortgage rates led to a pickup in prospective-buyer traffic and sales expectations. The National Association of Home Builders/Wells Fargo gauge rose 3 points to 37, ...