Published by FOX Business | August 4, 2022 Carroll CEO says 30-year mortgage temporarily falling as people ‘flee to safety’ in uncertain market Just because 20 and 30-year fixed mortgage rates have tumbled in recent days, doesn’t mean it’s the right time to buy or sell your home, according to one real estate expert. “The people …
Mortgage Rates Temporarily Fall as Home Buyers ‘Flee to Safety’ Read More »
Published by the New York Post | July 28, 2022 Mortgage rates have risen steadily as the Federal Reserve hikes its benchmark interest rates in a bid to cool the economy. U.S. home prices are on the cusp of a major correction due to “cratering” demand among cash-strapped buyers, a prominent economist warned in a …
Economist: U.S. Home Prices to Plunge ‘Substantially’ on ‘Cratering’ Demand Read More »
Published by CNBC | July 20, 2022 Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting …
Published by FOX Business | July 14, 2022 The average for a 30-year fixed-rate loan is now at 5.51%, up 2.88% from a year ago U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That’s causing some …
Published by FOX Business | July 12, 2022 Higher mortgage rates, inflation contributing to cancellations Approximately 600,000 home purchase agreements fell through in June, according to a new analysis by Redfin. The figure is equivalent to 14.9% of homes that went under contract during the month, an increase from 12.7% in May and 11.2% a year …
Home Sale Cancellations Hit Highest Rate Since Start of Pandemic Read More »
Published by FOX Business | June 22, 2022 Average 30-year, conventional, fixed-rate mortgage hit 5.23% in May: Freddie Mac JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and dampen housing demand. A source familiar with the matter confirmed to FOX Business …
JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb Read More »
Published by FOX Business | June 22, 2022 The average mortgage loan amount is down markedly from its peak in mid-March The average loan amount for a home mortgage in the U.S. is down markedly from the high in mid-March, indicating that the housing market is cooling as interest rates rise. The Mortgage Bankers Association’s latest Weekly …
Published by Breitbart News | June 16, 2022 The pace of new home construction crashed 14.4 percent in May, according to the Commerce Department, as higher interest rates and high home prices drove away buyers and depressed home builder sentiment. Housing starts fell to an annual rate of 1.55 million and permits fell to 1.7 …
Housing Starts Collapse in May As Inflation and Soaring Interest Rates Hit Hard Read More »
Published by FOX Business | June 9, 2022 This comes ahead of a Federal Reserve meeting where a raise in its main borrowing rate is expected Average long-term U.S. mortgage rates made a swift jump this week, further squeezing cash-strapped American homeowners. On Thursday, a 30-year fixed-rate mortgage averaged 5.23%, according to Freddie Mac. That’s up from …
Published by FOX Business | May 31, 2022 The rise in mortgage rates is pricing out buyers Price drops are “becoming increasingly common” in some of the most popular housing markets across the United States. According to new Redfin data, more than 20% of home sellers dropped their price in seven of the 10 most …
Home Sellers in Hot Markets are Dropping Prices as Demand Wanes Read More »
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