The empire strikes back on lower mortgage rates
The empire strikes back on lower mortgage rates
Abstract
This is the second time this year that the Fed empire has struck back after mortgage rates made
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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...
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.
Once the housing completion data looks better, the growth rate of rent — which is the biggest driver of core CPI — 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 — which is the biggest driver of core CPI — can cool down.
The post Housing completions key to lower mortgage rates 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 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 appeared first on HousingWire.
In the latest HW+ member community Q&A, HousingWire Lead Analyst Logan Mohtashami discusses what homebuilder data we need to watch out for in the coming months now that rates are rising.
The post Here’s why the housing market needs higher mortgage rates appeared first on HousingWire.
In the latest HW+ member community Q&A, HousingWire Lead Analyst Logan Mohtashami discusses what homebuilder data we need to watch out for in the coming months now that rates are rising.
The post Here’s why the housing market needs higher mortgage rates appeared first on HousingWire.
Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported, as markets and lenders adjust to a "new normal."The 30-year fixed-rate average fell 31 basis points to 4.99% for the weekly period ending August 4, according to Freddie Mac's Primary Mortgage Market Survey, continuing the trend of steep rises and falls that has seen it fluctuate between 3.22% and 5.81% this year. One week earlier, the 30-year average came in at 5.3%, having decre...
Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported, as markets and lenders adjust to a "new normal."The 30-year fixed-rate average fell 31 basis points to 4.99% for the weekly period ending August 4, according to Freddie Mac's Primary Mortgage Market Survey, continuing the trend of steep rises and falls that has seen it fluctuate between 3.22% and 5.81% this year. One week earlier, the 30-year average came in at 5.3%, having decre...
Surging mortgage interest rates are slamming the brakes on the housing market. Higher mortgage rates, which climbed past 6% last week, are likely to eventually douse the relentless escalation of home prices. But their most immediate impact will be to force many buyers to put their dreams on hold as the cost of homeownership slips out of their financial reach. “Whenever you get mortgage rates moving up that fast, it’s just a shock to the system. It almost paralyzes potential homebuyers,” sa...
Surging mortgage interest rates are slamming the brakes on the housing market. Higher mortgage rates, which climbed past 6% last week, are likely to eventually douse the relentless escalation of home prices. But their most immediate impact will be to force many buyers to put their dreams on hold as the cost of homeownership slips out of their financial reach. “Whenever you get mortgage rates moving up that fast, it’s just a shock to the system. It almost paralyzes potential homebuyers,” sa...
Wednesday's rally offered hope after the BOE stepped in with emergency bond buying. The overnight session that followed painted a slightly less hopeful picture. Yields were flat to slightly higher in Asia, but then sharply higher after record inflation readings in Germany's biggest region. The UK continues to double down on the fiscal policy that sparked the recent weakness, but the BOE's response gave the market enough reassurance to proceed cautiously from recent ceilings. What we're l...
Wednesday's rally offered hope after the BOE stepped in with emergency bond buying. The overnight session that followed painted a slightly less hopeful picture. Yields were flat to slightly higher in Asia, but then sharply higher after record inflation readings in Germany's biggest region. The UK continues to double down on the fiscal policy that sparked the recent weakness, but the BOE's response gave the market enough reassurance to proceed cautiously from recent ceilings. What we're l...
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.