“These high interest rates have had a great impact on the U.S.’ overall economic performance,” said National Association of Realtors Chief Economist Lawrence Yun. “Statistically, this is much better than the historical average, but if we look at this component, there are some worrying signs in the economy.”
Read More »Tumultuous Economic Conditions on Horizon After Recent Fed Move
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and ...
Read More »More Homebuyers Taking up ARMs
Mark Fleming, Chief Economist at First American, explains why current conditions mean adjustable-rate mortgages “could be a game-changer for many first-time homebuyers."
Read More »Mortgage Rates Hit Record Low
Freddie Mac this week released the results of its Primary Mortgage Market Survey, which indicated that the 30-year fixed-rate mortgage (FRM) averaged 2.91%. “This year has been anything ...
Read More »Homebuyers Get Hyper-Cautious About Mortgage Rates
Freddie Mac’s latest monthly projection of the housing market gives insights into why buyers are looking at the fluctuations in mortgage rates more closely than ever and the factors that are likely to determine the course of the industry.
Read More »Why Are Mortgage Applications Declining?
What has led to a decline in mortgage loan applications? A New York Fed report examines the trend based on consumers' experiences and expectations.
Read More »What to Expect in 2019
Will mortgage rates remain stable leading to an increased number of homeowners? A report looks at various factors that will shape the real estate industry in 2019.
Read More »What Lies Ahead
A report examines the upcoming trends in the housing market and its impact on homebuyers and sellers in 2019. Click through to learn what it revealed.
Read More »Apps Rise as Borrowers Return to the Market
Stable mortgage rates for most of this month has seen the application for mortgage loans increasing among borrowers, according to a survey. Here’s a break down of how various loans performed.
Read More »Mortgage Rates Dip as All Eyes on Fed
On Wednesday, the Federal Open Market Committee (FOMC) will hold its monthly meeting—and in anticipation mortgage rates for both 30-year and 15-year fixed-rate loans, as well as 5/1 ARMS, dropped. While market watchers do not anticipate policy changes to come out of this month’s meeting, in light of last month’s interest rate hike it seems as if that is not enough to ebb the pre-meeting caution the market is experiencing. Though interest rates may not rise this month, the Fed has forecasted four hikes this year.
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