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, ...
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 ...
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 ...
After a yr of huge swings and quite a few head fakes, the U.S. 10-year yield is poised to finish 2023 virtually precisely the place it started. It is an virtually farcical conclusion to 12 months of buying and selling ...
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. ...
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.? ...
The Federal Open Market Committee left the fed funds charge unchanged Wednesday, disappointing public officers advocating for a fast begin to cuts that officers have made plans for this yr. “The committee doesn’t anticipate it will likely be acceptable to ...
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, ...