Interest Rates

Housing Market Slows Again As Hot Inflation Drives Up Mortgage Rates

Interest Rates, Mortgages, Residential / By

Published by Forbes.com | February 17, 2023 This week’s inflation data has pushed mortgage rates to the highest level in months—already sidelining some potential home buyers. According to real estate brokerage Redfin, home buying demand, as measured by tour requests from prospective homebuyers, fell for the first time in more than a month last week …

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Mortgage Activity Rebounds, Skewed Toward High-Priced Homes

Interest Rates, Mortgages, Residential / By

Published by FOX Business | February 8, 2023 The average loan size increased in the past week to $428,500 – the largest average since May 2022 Activity in the housing market showed a rebound in the past week as mortgages rates fell for a fifth straight week. The 30-year fixed mortgage rate inched lower to 6.18%. …

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Mortgage Buydowns Are Making a Comeback

Interest Rates, Mortgages / By

Published by REALTOR.com | December 19, 2022 Rising borrowing costs have dramatically increased the cost of buying a home this year, reviving interest in mortgage products like temporary buydowns that fell out of favor after the 2008 financial crisis. Carley Chase found her dream home in Chandler, Ariz., this summer: a three-bedroom ranch, close to work, with a …

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MBA Predicts Mortgage Rates To Stay Near 6.7% Through End Of Year

Economy, Interest Rates / By

Published by Forbes.com | November 30, 2022 Data suggest mortgage rates may not be as volatile in the last month of the year. The latest data from the Mortgage Bankers Association released this morning shows mortgage applications still continue to decrease from the highs they saw a year ago, but several economic signs suggest interest …

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Just How Low Will Home Prices Go This Year?

Economy, Interest Rates, Mortgages / By

Published by REALTOR.com | November 11, 2022 All eyes have been glued to mortgage rates lately as those all-important fees continue their seemingly inexorable upward march. While average rates for a 30-year fixed-rate mortgage dipped to 6.95% last week, that figure climbed back to 7.08% for the week ending Nov. 10, according to Freddie Mac. And if inflation refuses …

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Inflation Is Finally Slowing. Will Soaring Mortgage Rates Do the Same?

Economy, Interest Rates / By

Published by REALTOR.com | November 10, 2022 For would-be buyers who have had their home searches foiled or delayed by soaring mortgage interest rates, the housing market is likely to get worse before it gets better. Mortgage rates are expected to keep rising after new indicators showed that inflation rose 7.7% year over year in October, …

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5 Practical Tips To Get The Lowest Mortgage Rate Possible

Interest Rates, Mortgages / By

Published by Forbes.com | October 28, 2022 If you’re in the market to purchase a home, you know that mortgage rates are rising. Rates surpassed 7% for the first time in 20 years. And higher mortgage rates send monthly payments up significantly. A $240,000 mortgage at a 7.544% rate on a 30-year loan generates a monthly principal …

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Fed’s Rate Hikes Aren’t Bulldozing Commercial Real Estate — Yet

Commercial Property, Interest Rates / By

Published by Forbes.com | November 2, 2022 The Fed’s push for a recession so far hasn’t torpedoed commercial real estate although there are signs of weakness and some worries about an “apocalypse.” The Federal Reserve’s announcement of another 0.75 percentage point interest rate increase continues the central bank’s grim war with inflation. Higher rates are doing …

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