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, ...
As the 10-year Treasury yield sank following last week’s Federal Open Market Committee Meeting and the release of the employment data, mortgage rates followed along, with the largest drop in almost a year, Freddie Mac said. Its Primary Mortgage Market ...
Nonbank mortgage lenders and brokers collectively shed more than 7,000 positions between August and September as they headed into seasonally weaker months, according to Bureau of Labor Statistics estimates. Job numbers in these employment categories fell to 331,300 from 338,400 ...
Mortgage applications from newly constructed home sales increased for the ninth consecutive month on a year-over-year basis, a sign that that inventory shortage is not abating, according to the Mortgage Bankers Association. Furthermore, use of Federal Housing Administration-insured financing hitting ...
Treasury yields plunged Tuesday as a slower-than-anticipated pace of consumer price growth last month bolstered the view that the Federal Reserve’s most aggressive interest-rate hiking cycle in decades is over. The 10-year note’s yield fell as much as 21 basis ...