December 7, 2022, 4:57 pm By Logan Mohtashami
Since the weaker CPI data was released in November, bond yields and mortgage rates have been heading lower. The question then was: What would lower mortgage rates do to this data? Now, with five weeks of data in front ...
December 8, 2022, 2:12 pm By Flávia Furlan Nunes
Mortgage rates continued the downward trend this week amid signs that the U.S. economy is cooling down due to the tightening monetary policy. The recent declines, however, have not been enough to convince borrowers to take out ...
The unemployment rate was at 3.7% in October. The unemployment rate is down from 14.7% in April ...November 10, 2022, 3:28 pm By Tracey Velt
If we don’t learn from history, we are doomed to repeat it.
From 1998 to 2006, according to Freddie Mac, the median annual mortgage rate was 6.45%. At the same time, the median, annual average of existing home sales ...
Nov 7, 2022
Since home prices shot into the stratosphere, many first-time buyers have prayed for them to fall so that they could afford to become homeowners. Their wishes appear to have been granted—and yet, they’re caught in a paradox: Even as prices have begun to dip ...
On Thursday, the gross domestic product data for the third quarter showed the U.S. economy grew at a rate of 2.6%, breaking the negative GDP streak we had in the past two quarters. Does this mean the Federal Reserve ...
PeopleImages / Getty Images
Always a bridesmaid and rarely a bride, first-time homebuyers are ...
We are coming off a tumultuous two years of growth in the U.S. housing market. And now we are facing a tumultuous year of mortgage market normalization. So it’s true to say that turmoil and mortgage outlooks are strange bedfellows, but it’s true. Interest rates are ...
The great moderation is upon us
About 60,000 home-purchase agreements were canceled in June 2022, or about 14.9% of all homes that went under contract throughout the month, according to a new report from Redfin.
About 60,000 home-purchase agreements were canceled in June 2022, or about ...