Mortgage rates rise on continuing economic turmoil
Jobs numbers, inflation data and the continued debate over raising the debt ceiling are factors applying upward pressure.
Mortgage rates
Despite interest rate decrease, weekly mortgage volume fell: MBA
Meanwhile, the average purchase loan amount surged to its highest level in 2023, showing signs of continued demand amid limited inventory.
Mortgage volumes rise despite higher interest rates
Conventional and government-backed purchases both increased last week, even with a 12 basis point surge in the 30-year conforming average, the Mortgage Bankers Association said.
Fannie Mae boosts housing outlook, even as economy slows
Stronger than expected demand and home prices drove the latest forecast.
Mortgage rates flatten after jobs, inflation news: Freddie Mac
Mixed economic signals left mortgage rates flat over the past seven days, with experts suggesting the end of Federal Reserve policy hikes might be coming as well. The 30-year fixed rate mortgage averaged 6.27% for the weekly period ending April 13, down a single basis point from 6.28% seven days earlier, according to Freddie Mac’s […]
Home prices rise for first time in seven months: Black Knight
Lower mortgage rates during the early part of the month, along with fewer properties for sale helped to drive values higher.
Mortgage rates continue to slip on uncertainty: Freddie Mac
However, the benchmark 10-year Treasury yield pushed back up 15 basis points from a week ago as the markets settle following the recent bank failures.
Mortgage delinquencies decline for 22nd month: CoreLogic
The year-over-year drop in January stemmed primarily from loans where a payment had not been made in at least 120 days but shorter-term arrears were higher during the same period.
Fannie Mae forecast pushes recession start out to 2H23
The economic situation is more like what happened during the mid-'80s thrift crisis than the 2008 downturn, said Chief Economist Doug Duncan.
Banking turmoil sends mortgage rates downward
Both 30- and 15-year averages dropped for the first time in six weeks, as investors flocked to safety of 10-year Treasuries.
Mortgage payment amounts grew last month despite lower interest rates
Buyer affordability has decreased by almost 22% in the past year, according to the Mortgage Bankers Association.
Mortgage rates jump for third straight week
Persistent inflation concerns drove the 30-year average up 41 basis points this month.
Mortgage lock volume rises for first time in nine months
But with rates turning back up this past week, activity could fall in February, Black Knight Optimal Blue said.
With FOMC hike baked in, mortgage rates sink
Since breaking above 7% in November, the 30-year fixed is now down nearly a full percentage point, Freddie Mac said.
Mortgage rates decline for third week in a row
But several recent news developments are creating the perception that the risk of a recession is on the wane and that could end the downward pressure on rates.
Mortgage rates rise for first time in nearly two months
The 30-year fixed rate surged 15 basis points from a week earlier but ends 2022 at more than twice its mark from a year ago.
U.S. 30-year mortgage rate hits highest since 2008, MBA says
This year's rapid rise in mortgage rates is cooling the U.S. housing market, leading to sales declines and pressure on home prices. Other measures put the figures above 6%.
Mortgage rates surge past 6%
Both the 30- and 15-year averages are now more than 3 percentage points higher from their levels of one year ago.
Inflation talk pushes mortgage rates upward again
Comments from Federal Reserve officials in Jackson Hole last week have markets bracing for further tightening of monetary policy in the near term.
Mortgage rates show more volatility, surging more than 40 basis points
Better-than-expected economic data helped lead to the steep acceleration of the 30-year average, while the 15-year also shot up.
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