How High Mortgage Rates Are Impacting the Housing Market—and Consumers’ Moods
In August, mortgage rates surpassed 7%, hitting a more than two-decade high. At the beginning of 2023, most housing-market watchers ...
Tag: Real Estate Economics
Builder Confidence Falls Again, but Experts Are Optimistic
As mortgage rates continue to put pressure on the housing market, homebuilder confidence saw another dip in November, according to ...
Mortgage Rates Trend Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 7.44%, down again from last week’s average of 7.5%, according to the latest Primary Mortgage ...
Mortgage Rates May Well Rise Again, Fed Chair Powell Warns
At an International Monetary Fund research conference held Nov. 9 in Washington, D.C., Federal Reserve Chair Jerome Powell warned that ...
Despite Q3 Losses, Fathom Focuses on Agent Growth
Despite clocking in a $5.5 million net loss in Q3, Fathom executives are choosing to hone in on the positive—large ...
Mortgage Mix: Mr. Cooper Compromised; Lender Earnings Mixed
-Hallelujah! After almost a full year of rising rates, the 30-year fixed fell more than 25 basis points, according to ...
As Treasury Yields Decline, Mortgage Rates Move Down
The 30-year fixed-rate mortgage (FRM) saw its second week of declines, this week averaging 7.5%, down from 7.76% last week, ...
Mortgage Applications Increase Following Pause in Rate Hikes
After three weeks of decreases, mortgage applications turned around this week, increasing 2.5% from one week earlier, according to the ...
Rocket’s Revenue Exceeds Expectations Again in Q3
Rocket Companies’ revenue exceeded all Q2 predictions, overcoming the mortgage and housing market challenges, as reported in their Q3 2023 ...
Job Growth Cools With U.S. Economy Adding 150,000 Jobs in October
Total nonfarm payroll growth increased by 150,000 in October, and the unemployment rate changed little, increasing 3.9% over last month’s ...
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.
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