Interest Rates

Chief Economist For NAR Predicts Uncertainty For Housing Market

Published by Forbes.com | May 5, 2022 NAR calculates purchasing a home is now 55% more expensive than a year ago. Two years after enduring the devastating financial impacts of Covid-19, the U.S. economy has made an impressive comeback, in large part due to a booming housing market. But as Lawrence Yun, chief economist for …

Chief Economist For NAR Predicts Uncertainty For Housing Market Read More »

Real Estate Expert on Whether Home Prices Could Come Down Amid Fed Rate Hikes

Published by FOX Business | May 2, 2022 Data recently released for February 2022 show that home prices continue to increase across the U.S. as limited supply and a race to lock in rising mortgage rates drove enticed buyers. First American Financial Corporation chief economist Mark Fleming discussed where he believes home prices are going …

Real Estate Expert on Whether Home Prices Could Come Down Amid Fed Rate Hikes Read More »

Inflation Edges Higher, Affecting Housing

Published by REALTOR Magazine | April 13, 2022 Over the last year, the cost of shelter has increased 5%, marking the largest increase in four decades The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer …

Inflation Edges Higher, Affecting Housing Read More »

How Millennials Are Keeping The Housing Market Alive

Published by FOX Business | April 13, 2022 The real estate market isn’t dead despite rising mortgage rates, one market expert says “What we’re still seeing is really strong demand in the housing market because of the shortage of houses that were built over the last eight or so years,” Advisors Capital Management partner Joanne Feeney told FOX …

How Millennials Are Keeping The Housing Market Alive Read More »

Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts

Published by CNBC | March 23, 2022 The 30-year fixed mortgage loosely follows the yield on the 10-year U.S. Treasury, which is now at the highest level since May 2019. The average rate on the popular 30-year fixed mortgage hit 4.72% on Tuesday, moving 26 basis points higher since just Friday, according to Mortgage News Daily. …

Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts Read More »

Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession

Published by Fox Business | March 17, 2022 Odds of a U.S. recession have increased to 20% to 35% because of the Ukraine war, economists say Goldman Sachs economists warned the probability of the U.S. economy plunging into a recession in the next year has risen dramatically in the wake of the Russia-Ukraine war. The economists, led by Jan …

Goldman Says Ukraine-Russia War Could Trigger U.S. Economic Recession Read More »

Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis

Published by CNBC | March 2, 2022 While mortgage rates rose to the highest level in two years last week, they have since fallen quite sharply due to the war in Ukraine. Mortgage demand stalled last week, as interest rates hit a multi-year high, but that will likely change quickly. Rates are now falling fast …

Weak Mortgage Demand Could Get a Big Boost Amid Ukraine Crisis Read More »

What the New December Debt Ceiling Deadline Means for Mortgage Rates

Published by FOX Business | October 8, 2021 The new debt ceiling extension will fund the government through Dec. 3 The Senate passed a temporary extension of the debt ceiling Thursday night in a 50 to 48 vote, giving the government enough funds to make it through December. The House of Representatives is expected to pass the …

What the New December Debt Ceiling Deadline Means for Mortgage Rates Read More »

Experts: Mortgage Rate Declines Won’t Last

Published by REALTOR Magazine | May 14, 2021 Low mortgage rates have helped with housing affordability at a time when home prices have surged by double-digit percentages over the past year due to increasing buyer demand. The average for the 30-year fixed-rate mortgage remained below 3% this week, but economists warn that rates in the 2% range likely …

Experts: Mortgage Rate Declines Won’t Last Read More »

Powered by WishList Member - Membership Software

Scroll to Top
Malcare WordPress Security