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 ...
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 ...