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 ...
Seventy percent of real estate sales people reported an uptick in homebuyers as a result of mortgage rates creeping downward in 2023, according to a recent survey from Assurance IQ, an insurance agency owned by Prudential.? For much of this ...
Another favorable Consumer Price Index report helped to drive mortgage rates down this week, with general expectations growing that the Federal Reserve will not raise rates in December. The Freddie Mac Primary Mortgage Market Survey for Nov. 16 put the ...
Mortgage rates moved down again, further backing away from the 8% mark it previously threatened, as the benchmark 10-year Treasury has dropped over 50 basis points in the past month. The Freddie Mac Primary Mortgage Market Survey, released a day ...
Prospective homebuyers are apparently less patient about market conditions than six months ago, with a significant percentage no longer willing to wait for prices or interest rates to decrease, a Bank of America study found. Only 62% of likely purchasers ...
Loan applications saw their fifth straight weekly gain, buoyed by government-sponsored activity and renewed borrower interest in refinances amid falling interest rates, according to the Mortgage Bankers Association.? The MBA’s Market Composite Index, which tracks loan-application activity based on surveys ...
The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. RELATED: Mortgage rates drop closer to 7% Officials ...
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 ...
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 ...
The housing market logjam appears to be breaking as falling mortgage rates during November encouraged more existing homeowners to list their property for sale, to the largest level in over a year, Redfin found. Pending home sales also rose to ...