Mortgage Rates Drop Below 7%
Calling it an “unexpected windfall” of both lower rates and increased inventory of new and existing homes, Freddie Mac’s data ...
Tag: Real Estate Economics
Fannie Mae Projects Mortgage Rates Will Remain Near 7% Through 2024
The latest research from the Fannie Mae Economic and Strategic Research (ESR) Group suggests that earlier projections for lower mortgage ...
Mortgage Applications Up for Third Straight Week
Thanks to the recent declines in average mortgage rates of late, mortgage application activity has seen a small but steady ...
U.S. Tappable Equity Reaches Record $11 Trillion
Rising interest rates might be sidelining would-be homebuyers, but the ongoing shortage of inventory on the market is keeping home ...
Economic Index Declines Again in April, Pointing to Slower Growth
The Conference Board Leading Economic Index (LEI) for the U.S. decreased 0.6% in April to 101.8, after decreasing 0.3% in ...
Mortgage Rates Decrease Again
The 30-year fixed-rate mortgage (FRM) averaged 7.02% this week, down for the second week in a row from last week’s ...
Mortgage Applications See Second Week of Increases
Mortgage applications saw a slight increase of 0.5% from last week’s bump of 2.6%, according to the latest Weekly Mortgage ...
Mortgage Rates Continue to Plague Homebuilder Confidence
As mortgage rates rose back above 7% in April, and remain high despite a recent decrease, homebuilders are pulling back ...
Inflation Eases in April; Good News for Potential Fed Rate Cut
The Consumer Price Index (CPI) increased 0.3% in April on a seasonally adjusted basis, after rising 0.4% in March, the ...
Mortgage Mix: Rates Remain Above 7%, but Declined for the First Time in Months
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. ...
6 Key Numbers Buyers Must Examine Before Committing
“The rate should never be treated as a yes-or-no answer,” says Nick Nastos, founder of Chicago’s Property Shop. “I would be more concerned about a buyer closing with no emergency fund than one accepting a slightly higher rate with a manageable payment and cash still in the... Read more.
Business Tip of the Day provided by
