Housing completions key to lower mortgage rates
Housing completions key to lower mortgage rates
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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 can cool down.
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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.
Solid housing permits and starts for March don't reflect the reality of a housing market dealing with higher mortgage rates.
The post Housing completions held hostage by rising mortgage rates appeared first on HousingWire.
Solid housing permits and starts for March don't reflect the reality of a housing market dealing with higher mortgage rates.
The post Housing completions held hostage by rising 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...
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.
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.
Weakening affordability is causing sellers to get more realistic about their asking prices. There are also more listings coming on the market.
Weakening affordability is causing sellers to get more realistic about their asking prices. There are also more listings coming on the market.
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...
Mortgage brokers need to constantly reinvent themselves in today’s constantly evolving housing market. Over the past several years, we’ve experienced a global pandemic, soaring home prices, record-breaking inflation, and now rising interest rates and a softening housing market. If you feel like there hasn’t been much time to pause and focus on professional development, you’re not alone. That is, until now. Mortgage Professionals Canada’s upcoming National Mortgage Conference on Oct. 16...
Mortgage brokers need to constantly reinvent themselves in today’s constantly evolving housing market. Over the past several years, we’ve experienced a global pandemic, soaring home prices, record-breaking inflation, and now rising interest rates and a softening housing market. If you feel like there hasn’t been much time to pause and focus on professional development, you’re not alone. That is, until now. Mortgage Professionals Canada’s upcoming National Mortgage Conference on Oct. 16...
Considering housing starts, Wednesday's builder confidence index and mortgage rates over 6%, it’s time to raise the fifth recession red flag.Despite good revisions, housing starts fell short of expectations. 1.549 million building starts and 1.695 million construction permits were recorded.The number of completed homes increased to 1.465 million, and more unfinished homes are now complete. The fifth recession warning flag should now be raised, however, in light of Wednesday's builder confidenc...
Considering housing starts, Wednesday's builder confidence index and mortgage rates over 6%, it’s time to raise the fifth recession red flag.Despite good revisions, housing starts fell short of expectations. 1.549 million building starts and 1.695 million construction permits were recorded.The number of completed homes increased to 1.465 million, and more unfinished homes are now complete. The fifth recession warning flag should now be raised, however, in light of Wednesday's builder confidenc...
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.