Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending
Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending
The boom is over. And there are broader effects.
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The boom is over. And there are broader effects.
The boom is over. And there are broader effects.
As expected, the Federal Reserve announced a quarter-point increase to the federal funds rate as part of its efforts to reduce inflation. Two years ago, at the start of the coronavirus pandemic, rates were cut to near zero. This week’s decision marks the first of several anticipated increases in the coming months. Although the federal […]
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As expected, the Federal Reserve announced a quarter-point increase to the federal funds rate as part of its efforts to reduce inflation. Two years ago, at the start of the coronavirus pandemic, rates were cut to near zero. This week’s decision marks the first of several anticipated increases in the coming months. Although the federal […]
Source
Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, down from 3.15% on Thursday and well off the 3.59% high reached in mid-June. The decline comes as investors are increasingly seeking the safety of the bond market (yields fall as demand for bonds rises) to ride out volatility in the stock indices and due to growing expectations of an economic downturn. Rate analyst Rob...
Bond yields dove over 30 basis points on Friday as economic worries start to replace inflation concerns. Bond yields, which lead fixed mortgage rates, fell to 2.84% on Friday, down from 3.15% on Thursday and well off the 3.59% high reached in mid-June. The decline comes as investors are increasingly seeking the safety of the bond market (yields fall as demand for bonds rises) to ride out volatility in the stock indices and due to growing expectations of an economic downturn. Rate analyst Rob...
As the Metaverse expands, its offerings now include “virtual” real estate. But what does virtual real estate mean for real-world mortgage professionals?
The post What Metaverse real estate means for mortgage professionals appeared first on HousingWire.
As the Metaverse expands, its offerings now include “virtual” real estate. But what does virtual real estate mean for real-world mortgage professionals?
The post What Metaverse real estate means for mortgage professionals appeared first on HousingWire.
There are a few really important numbers when it’s time to obtain a home loan: your credit score, the amount you want to borrow, and the interest rate. The news is full of talk about interest rates lately. Will they go up? Will they go down? Will they stay down? When they go up, how far will they go?
There are a few really important numbers when it’s time to obtain a home loan: your credit score, the amount you want to borrow, and the interest rate. The news is full of talk about interest rates lately. Will they go up? Will they go down? Will they stay down? When they go up, how far will they go?
The Federal Reserve just announced a hike in interest rates. So far, it hasn’t dramatically raised mortgage rates.
The Federal Reserve just announced a hike in interest rates. So far, it hasn’t dramatically raised mortgage rates.
The housing market plays a role in the overall health of a local economy.
The housing market plays a role in the overall health of a local economy.
Led by a drop in gas prices, Canada’s annual inflation rate eased to 7.6% in July, according to data released by Statistics Canada. That follows a 40-year-high of 8.1% in June, which some observers believe may mark the peak in inflation. That would be welcome news for the Bank of Canada, but still not enough to keep it from hiking interest rates further when its Governing Council meets on September 7. That’s particularly true given that the Bank’s preferred measure of core inflation cont...
Led by a drop in gas prices, Canada’s annual inflation rate eased to 7.6% in July, according to data released by Statistics Canada. That follows a 40-year-high of 8.1% in June, which some observers believe may mark the peak in inflation. That would be welcome news for the Bank of Canada, but still not enough to keep it from hiking interest rates further when its Governing Council meets on September 7. That’s particularly true given that the Bank’s preferred measure of core inflation cont...
What The Fed Interest Rate Hike Means For Home Buyers
An increase in housing supply will likely significantly slow home price growth.
getty
An increase in housing supply will likely significantly slow home price growth. The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United ...
What The Fed Interest Rate Hike Means For Home Buyers
An increase in housing supply will likely significantly slow home price growth.
getty
An increase in housing supply will likely significantly slow home price growth. The Federal Reserve intensified its fight to cool inflation by launching the largest interest rate increase since 1994 and indicated it would do whatever it could to tame price hikes and bring down the cost of gas and food. The central bank of the United ...
Despite rising inflation, potential for looming recession, the mortgage market is in a strong position.
The post Prepayment activity reaches 22-year low on spiking interest rates appeared first on HousingWire.
Despite rising inflation, potential for looming recession, the mortgage market is in a strong position.
The post Prepayment activity reaches 22-year low on spiking interest rates appeared first on HousingWire.