Cooler inflation data sends mortgage rates lower
Cooler inflation data sends mortgage rates lower
On Tuesday, CPI data came in cooler than expected, and the bond market loved it, driving mortgage rates lower.
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With the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that.
With the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that.
Once the housing completion data looks better, the growth rate of rent โ which is the biggest driver of core CPI โ can cool down.
The post Housing completions key to lower mortgage rates appeared first on HousingWire.
Once the housing completion data looks better, the growth rate of rent โ which is the biggest driver of core CPI โ can cool down.
The post Housing completions key to lower mortgage rates appeared first on HousingWire.
Lower mortgage rates can help stimulate the housing market by making it more affordable for people to purchase homes. When mortgage rates are low, it can make it easier for people to qualify for a mortgage and afford the monthly payments. This can help to increase demand for homes, which in turn can help to boost home prices and stimulate economic activity.However, it's important to note that lower mortgage rates alone may not be enough to stop a housing recession. Other factors such as high une...
Lower mortgage rates can help stimulate the housing market by making it more affordable for people to purchase homes. When mortgage rates are low, it can make it easier for people to qualify for a mortgage and afford the monthly payments. This can help to increase demand for homes, which in turn can help to boost home prices and stimulate economic activity.However, it's important to note that lower mortgage rates alone may not be enough to stop a housing recession. Other factors such as high une...
Home sales and contract activity in the Charlotte market fell again year over year in April as rising mortgage rates took hold, according to data released today by the Canopy Realtor Association.
Home sales and contract activity in the Charlotte market fell again year over year in April as rising mortgage rates took hold, according to data released today by the Canopy Realtor Association.
Higher mortgage rates are hitting the housing starts data, and the real story is that the housing completion data is still terrible.
The post Housing starts data lags reality of higher mortgage rates appeared first on HousingWire.
Higher mortgage rates are hitting the housing starts data, and the real story is that the housing completion data is still terrible.
The post Housing starts data lags reality of higher mortgage rates appeared first on HousingWire.
Purchase mortgage rates this week averaged 5.10%, down only one basis point from a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.98%.
The post Mortgage rates hover in the lower 5% range appeared first on HousingWire.
Purchase mortgage rates this week averaged 5.10%, down only one basis point from a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.98%.
The post Mortgage rates hover in the lower 5% range appeared first on HousingWire.
How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.
The post What 5% mortgage rates mean for the housing market๏ฟผ appeared first on HousingWire.
How can we tell if higher mortgage rates are doing their job to cool off home prices? Looking at trends in purchase application data is key.
The post What 5% mortgage rates mean for the housing market๏ฟผ appeared first on HousingWire.
In the latest HW+ member community Q&A, HousingWire Lead Analystย Logan Mohtashamiย discusses what homebuilder data we need to watch out for in the coming months now that rates are rising.
The post Hereโs why the housing market needs higher mortgage rates appeared first on HousingWire.
In the latest HW+ member community Q&A, HousingWire Lead Analystย Logan Mohtashamiย discusses what homebuilder data we need to watch out for in the coming months now that rates are rising.
The post Hereโs why the housing market needs higher mortgage rates appeared first on HousingWire.
Applications for mortgage loans fell this week, even as rates declined amid widespread concern about an impending recession.
The post Mortgage apps slide 5.4% despite lower rates appeared first on HousingWire.
Applications for mortgage loans fell this week, even as rates declined amid widespread concern about an impending recession.
The post Mortgage apps slide 5.4% despite lower rates appeared first on HousingWire.
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...