Is mortgage credit increasing due to acceptance of higher rates?
Mortgage lenders offered more cash-out refinance programs at a time when consumers might be coming to terms with the rate environment.
Mortgage rates
Does the CFPB have mortgage rate discount points in its crosshairs?
In a study posted weeks after it raised concerns about "junk fees," the Consumer Financial Protection Bureau noted that the amount of borrowers paying discount points doubled from 2021 to 2023, with the increase larger among consumers with lower credit scores.
Pending home sales bounce back after slumping in January
The Midwest was the main driver of the increase in pending sales, with a 10.6% jump, while contract signings in the South edged up 1.1%.
Mortgage rates to stay elevated on inflation worries, Freddie says
The 30-year fixed rate mortgage, the movements of which have been volatile in recent weeks, is expected to stay in the range of 6.5% for the first half of the year before trending down, Freddie Mac said.
Mortgage rates move higher on systemic volatility
Instability in mortgage rate movements should continue in the weeks ahead, even with Fed Chairman Jerome Powell's comments on inflation.
Fed holds rates at 23-year high amid sticky inflation
Rates won't fall far enough to drive meaningful mortgage volume gains this year, according to a Fitch Ratings analyst.
Mortgage rates to stay over 6% for next two years, Fannie Mae says
Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.
Mortgage rates slip but forecasts don’t look promising
The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.
Mortgage credit loosens on more refi product offerings
February was the second consecutive month where lenders eased underwriting, although overall availability remains near record low levels, the Mortgage Bankers Association.
Mortgage rates rise again and could stay higher for longer
The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.
Fannie Mae predicts higher interest rates in latest 2024 outlook
While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
Mortgage rates hit highest mark since mid-December
The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
Mortgage rates soar on inflation news
For the first time since mid-December, the Freddie Mac survey reports mortgage rates over 6.7%.
Lower mortgage rates drive increased locks, including refis
January volume increased 36% compared to the month before and the annual decline in activity was the lowest in almost two years, Optimal Blue said.
Mortgage rates flat in spite of Treasury yield spikes
While the Freddie Mac survey reported just a 1 basis point increase from last week, Zillow's tracker found a 30 basis point rise in the 30-year fixed, more reflective of what happened in the bond market.
Mortgage rates slip again on positive economic outlook
As a result, a robust housing market is now on the horizon, Freddie Mac chief economist Sam Khater declared.
FOMC leaves rates unchanged, drops tightening language
A key Senator had urged Fed Chairman Jerome Powell to lower rates early this year, but although there's more consensus on making such a move, it now looks unlikely to happen until after the next meeting.
Home buyers can afford $40K more house, Redfin finds
A potential buyer with a budget of $3,000 per month for their payments is now able to afford an approximately $453,000 home.
Consumer spending behind Fannie’s change on recession
Its January forecast reverses the call first made in April 2022 that the U.S. economy would slip into an extended downturn.
Mortgage rates up following inflation report
For the past week, the benchmark 10-year Treasury closed above 4%, as the markets priced in an increase in the consumer price index.
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