Mortgage rates continued their rise, even with uncertainty around world events impacting bond prices, Freddie Mac said. Even though yields on the 10-year Treasury did back down from a high of 4.89% last Friday, prior to Hamas’ attack on Israel, ...
At the Mortgage Bankers Association annual convention this year, Marina Walsh, its vice president of industry analysis, said that more downsizing needed to occur in order to reach the target reduction of capacity of 30% the MBA advised last year.? ...
Fed Governor Michelle Bowman Photographer: Zach Gibson/BloombergZach Gibson/Photographer: Zach Gibson/Bloomb Federal Reserve Governor Michelle Bowman said interest rates may need to rise further and stay higher for longer than previously expected to get inflation down to the central bank’s goal. ...
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 declined for the first time in eight weeks, even as the Federal Open Market Committee raised the possibility of a hike in its final meeting this year. In the short term, the FOMC decision this week to leave ...
Mortgage rates rose for the seventh consecutive week, inching closer to the 8% mark, a level some lenders have already been originating at, according to Freddie Mac. Its Primary Mortgage Market Survey found the average for the 30-year fixed rate ...
Real estate stocks were the second best-performing sector in the S&P 500 Index on Thursday after the Federal Reserve’s decision to hold rates steady sparked optimism that the central bank could be nearing the end of its tightening cycle. Homebuilders ...
The 10-year Treasury yield is threatening to move above the 5% mark for the first time since July 20, 2007, and with current spreads near 300 basis points, that is likely to push mortgages above 8% in the near future, ...
For the first time in about 15 months, the number of homes listed for sale increased on an annual basis ¡ª albeit by a very small amount, Redfin reported. New listings rose by 0.3% for the four weeks ended Oct. ...
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, ...