Mortgage rates might move higher than two-decade peak
While some observers believe that by year-end, the 30-year FRM would be lower than current levels, chatter about an 8% mortgage exists.
Mortgage rates
Housing market not likely to improve till 2025, analysts say
Public policy experts debated the effect of rising rates on the mortgage market, the impact on homebuyers and ways that Fannie Mae and Freddie Mac could exit conservatorship at the National Mortgage News Digital Mortgage Conference.
Mortgage rates more likely to decline than climb, Freddie says
Even as Freddie Mac's survey put rates at their highest since December 2000, factors like rising oil prices and a government shutdown could slow the economy.
Housing is in a double-dip recession, First American says
High mortgage rates and the lack of inventory for sale pushed the sector into a downturn twice recently – between May and November last year and in May of 2023 – according to First American
The mortgage rate forecast is not too promising
Even though the average for the 30-year fixed loan declined for the second straight week, a buoyant economy will affect future movements, Freddie Mac said.
Mortgage rates surge to highest mark since 2002
The average for a 30-year home loan marked the fourth straight week of increases, according to Freddie Mac.
Loan lock activity stifled by rising interest rates
With prices continuing to increase and the conforming 30-year mortgage rising above 7% in July, the purchase market is in a holding pattern, Black Knight said.
Mortgage credit tightens on jumbo concerns, loan costs
Product availability for July remained at levels last seen in 2013 as rates briefly broke above the 7% mark during the month, the Mortgage Bankers Association said.
U.S. downgrade caused rates to rise, Freddie Mac says
But a Zillow economist argues that there's plenty of evidence suggesting strong GDP and job growth had more to do with the increase than what Fitch did.
Will the Fed keep hiking rates? Mortgage lenders game it out
There's divergence of opinions between one more rate hike this cycle and no further actions.
Mortgage rates shrink on positive inflation news
The 30-year fixed, which was threatening going above 7% again according to Freddie Mac data, was 18 basis points lower this week.
Mortgage rates creep closer to 7%: Freddie Mac
However, both Zillow's and Optimal Blue put the 30-year fixed mortgage lower than where it was seven days prior.
Mortgage jobs inch up, broader employment and rate outlook mixed
The May uptick in nonbank housing-finance payrolls came almost entirely from lender hiring as loan broker numbers plateaued and construction demand persisted.
Mortgage rates zoom up to highest point this year
A resilient U.S. economy, lingering inflation and comments from the Federal Reserve contributed to a 10-basis-point hike in the 30-year fixed rate, Freddie Mac said.
Mortgage rates tick down for a third week
The markets had a muted reaction to the Federal Open Market Committee pause on raising short-term rates a week ago, Freddie Mac found.
With recession still expected, MBA cuts origination forecast
But the Mortgage Bankers Association also raised the dollar volume that it predicts the purchase market will originate this year.
Fed’s ‘skip’ points to slower hikes, a longer wait for shift in rates
Monetary policy officials have finally gone a month without tightening but made it clear more action could lie ahead, suggesting it could be awhile before housing finance costs consistently fall.
Prepayment speeds were up 22% in May on seasonality
But activity is still very low, as just 1% of the market is in the position to refinance thanks to high interest rates, Keefe, Bruyette & Woods said.
Mortgage rates rise in spite of debt ceiling resolution
A change in investor sentiment toward an expected pause by the Fed in short-term rate hikes was the driving force behind the current surge, Freddie Mac said.
Average monthly mortgage payment rises for fourth consecutive month
Home purchasers had to come up with 0.9% more in April versus what they would have paid in March and 11.8% higher on a year-over-year basis, the Mortgage Bankers Association said.
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