Topline As fears of inflation push mortgage rates back toward multi-decade highs, economists are warning the resurgence in borrowing costs will deal another blow to the precarious housing market, driv...
Tag: mortgage rates
Increasing Interest Rates Continue To Drive Down Mortgage Demand
| Getty Images Key Takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe t...
Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?
| Getty Images Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcem...
Is The Real Estate Market Slowing Down Due To Mortgage Rates?
| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...
Mortgage Rates Fall As Inflation Eases And Fed Signals Smaller Hikes Ahead
Fed officials signal the pace of rate hikes may slow. getty Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it wi...
Why Are Mortgage Rates Going Up In November 2022?
| Getty Images Key Takeaways Average mortgage rate currently stands at 6.95% for a 30-year loan and 6.29% for a 15-year loan. Experts believe mortgage rates will be contained to a narrow window as we ...
Fed Chair Jerome Powell—Haunted By The Ghost Of Paul Volcker—Could Tank The Economy
Federal Reserve Chairman Jerome Powell (right) is a big fan of the late Paul Volcker, the Fed chairman who ruthlessly crushed inflation in the early 1980s. L to R: Scott J Ferrell/Congressional Quarte...
Mortgage Rate Moves Are Independent And Can Turn Quickly
Unlike a security investment, real life is tied to a home purchase getty The fast 4% mortgage rate climb to 7% has sparked worries about the housing market. However, the residential real estate market...
Whither Real Estate
(Photo by Justin Sullivan/Getty Images) Getty Images There can be little doubt that for as long as the Federal Reserve (Fed) remains committed to its anti-inflation tightening policies, housing – sale...
The Federal Reserve’s Rate Hikes Are Cooling The Housing Market But Land-Use Reforms Still Needed
Professional engineer architect worker with protective helmet and blueprints paper at house building … [+] construction site background getty Since the spring of 2022, the Fed’s federal funds ra...
It Was Less Affordable To Buy A Home In June Than It’s Been In 33 Years
Topline Buying a home is the least affordable it’s been in over three decades, according to a metric released Friday, as home prices explode and Americans face record high prices elsewhere. A house fo...
Pending Home Sales Plunge In June As Demand Is Weighed Down By Surging Mortgage Rates
Topline Pending home sales—a leading indicator for housing market activity—plunged by a more than expected 20% in June compared to a year ago, according to new data from the National Association of Re...
Dow Plunges Nearly 500 Points, Recession Fears Resume As Consumer Confidence Hits New Low
Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fe...
Home Prices Finally Cooling Off? Market Slows In April But Demand Remains High Despite Rising Mortgage Rates
Topline Home prices, which have been shooting up since last year, grew at a slower pace in April, showing signs of a potential cool down in the red-hot housing market, according to new data from S&...
Pending Home Sales See Surprise Rebound In May, But Experts Warn Housing Market Is ‘Undergoing A Transition’
Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association ...
Housing Market Could ‘Torpedo’ U.S. Economy, Expert Warns
Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest...
Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “...
Home affordability at 2007 bubble level but crash unlikely: Blackstone
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely du...
Why the UK economy is one of the most vulnerable right now
George Clerk | E+ | Getty Images There’s an economic idiosyncrasy in the U.K. that makes it “one of the most vulnerable countries in the world right now,” according to an investment ...
Homeowners hold record equity. What to know if you want to borrow
New homes under construction by CastleRock Communities in Kyle, Texas, in November 2021. Matthew Busch | Bloomberg | Getty Images Record increases in home prices are also pushing up the amount of equi...
U.S. is top safe haven amid Russia-Ukraine war: Blackstone’s Joe Zidle
The world’s leading private equity firm suggests the U.S. the ultimate safe haven play. According to Blackstone’s Joseph Zidle, it’s largely insulated from the Russia-Ukraine war fal...