Last week, we witnessed a Santa Claus rally in mortgage rates alongside improved housing demand. The economy continues to create jobs, with wages growing at an annual rate of 4%. We also... Read more »
It has been almost two months since mortgage rates spiked again, and my initial thought was this would tank housing demand. We had a positive 18-week period with purchase applications before mortgage... Read more »
We have had three weeks of positive year-over-year growth in both purchase application data and weekly pending contract data, with last week showing a noticeable jump from last year. Now the dose... Read more »
After reaching their highest level since July 2022, mortgage applications have declined for two straight weeks, counteracting some recent positive signs for a still-sputtering housing industry. According to weekly data released Wednesday... Read more »
Let’s talk about something that’s on a lot of people’s minds: higher mortgage rates and whether they’ve completely killed the housing market’s buzz. Have rising rates finally slowed down the crazy housing demand... Read more »
The Federal Reserve cut rates by 0.50% on Sept. 18 and mortgage rates and bond yields headed higher. But, we have to remember that mortgage rates had already made an almost 2%... Read more »
The real estate industry illuminati believe that mortgage rates dropping below 6% will get housing markets moving again, but there’s growing evidence that the recent decline in rates is already doing so.... Read more »
Housing demand is very seasonal, so the fact that our pending contract data is firming up lately just shows that lower mortgage rates have stabilized and firmed up demand recently. It will... Read more »
The question from the housing industry after the Federal Reserve’s half-point interest rate cut is simple — will this bring buyers back to the stalled housing market? A new report from Redfin... Read more »
Imagine getting a lower monthly payment on your mortgage because you decide to refinance. Sounds great, right? This scenario illustrates why mortgage refinance applications are becoming increasingly popular. As homeowners look to... Read more »