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 ...
Stocks rose as Treasury yields fell after comments from Federal Reserve officials bolstered speculation the central bank is heading toward another pause in interest rate hikes. The S&P 500 approached 4,400, with some analysts citing a rebound from oversold levels. ...
With today’s market conditions, experienced mortgage originators are telling their customers right now to buy the house they want, but “date the rate” ¡ª noting that interest payments can be reduced through refinancing. But in an actual comparison between the ...
First-time home buyers entering the market today are in for a rude awakening. Having watched as mortgage rates fell to historic lows in recent years, fueling increases in home prices, homebuyers are now confronted with a double whammy. Mortgage rates ...
LAS VEGAS – With mortgage rates headed to 8%, the current housing slump is unlikely to reverse course until 2025, due to the Federal Reserve’s continued ratcheting up of interest rates, mortgage experts said at a conference in Las Vegas.? ...
Higher mortgage rates in September led lenders to loosen credit conditions, although trends are still historically tight, the Mortgage Bankers Association reported. Its Mortgage Credit Availability Index rose by 0.6% in September to 97.2, from 96.6 in August and 102.5 ...
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 ...