RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

Mortgage Mix: Inflation May Be Slowing Down as Mortgage Rates Drop Slightly

Home Agents
By Claudia Larsen
December 16, 2022
Reading Time: 2 mins read
Mortgage Mix: Inflation May Be Slowing Down as Mortgage Rates Drop Slightly

Editor’s Note: The Mortgage Mix is RISMedia’s weekly highlight reel of need-to-know mortgage-industry happenings. Watch for it each Friday afternoon.

  • The Federal Reserve recently announced a smaller rate hike of only 50-basis points, as opposed to the previous multiple 75-basis point hikes. Fed Chair Jerome Powell said that “data received for October and November show a welcome reduction in the monthly pace of price increases, but it will take substantially more evidence to give confidence that inflation is on a sustained downward path.”
  • The 30-year fixed-rate mortgage averaged 6.31% as of December 15, 2022, according to Freddie Mac’s Primary Mortgage Market Survey®. This was down from 6.33% last week and 3.12% last year. The 15-year fixed-rate mortgage averaged 5.54%, down from 5.67% last week and 2.34% last year.
  • Mortgage applications increased 3.2% from a week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending December 9, 2022. The Refinance Index increased 3% from last week, and the seasonally adjusted Purchase Index increased 4% from last week.
  • Fannie Mae announced changes to its automated underwriting system to allow borrowers without a credit score access to loans as part of its Equitable Housing Finance Plan, according to Insider. Mortgage lenders will now be able to use borrower’s bank account statements to establish creditworthiness.
Tags: Fannie MaeFedFreddie MacHousing Markethousing recessionInflationMLSNewsFeedMortgage ApplicationsMortgage MixMortgage RatesMortgages
ShareTweetShare

Claudia Larsen

Claudia Larsen is an associate editor for RISMedia.

Related Posts

Mortgage Mix: Mortgage Rates Edge Lower in the Wake of Banking Turmoil
Agents

Mortgage Mix: Mortgage Rates Edge Lower in the Wake of Banking Turmoil

March 24, 2023
Second Century Ventures Announces Early Acceptances for 2023 REACH U.S. Programs
Agents

Second Century Ventures Announces Early Acceptances for 2023 REACH U.S. Programs

March 24, 2023
NextHome Forms Relationship with Realtor.com
Agents

NextHome Forms Relationship with Realtor.com

March 24, 2023
Evocalize and Side Announce Partnership
Agents

Evocalize and Side Announce Partnership

March 24, 2023
Bank Crashes Add New Uncertainty for Commercial Sector, Apartments
Agents

Bank Crashes Add New Uncertainty for Commercial Sector, Apartments

March 24, 2023
Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth
Agents

Fathom: Weak Q4 but Strong YoY Revenue, Agent and Transaction Growth

March 24, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

4 Ways to Leverage Augmented Reality to Improve the Homebuying Experience

From improving the showing experience to helping clients visualize what their new home could look like, here are a few ways that augmented reality could help you improve your client's search for their perfect home. Read more.

Business Tip of the Day provided by

Recent Posts

  • Helpful Tips for a Macro-Friendly Meal Plan
  • How to Decorate with the 2023 Color of the Year
  • 5 Budgeting Tips for Homebuyers

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

x
X