Inflation came in hotter than expected on Thursday, but we are still talking about rate cuts in 2024! The 10-year yield had a mild reaction to today’s data, increasing a few basis points... Read more »
The 2023 housing market faced one of the same roadblocks we saw in 2022: mortgage rates were too high for home sales growth. Now that we’re in 2024, the Federal Reserve‘s rate... Read more »
Despite lower sales activity, home prices continued their upward trend in October, according to the S&P CoreLogic Case-Shiller Home Price Index. Real estate experts say the performance reflects limited inventory in the country,... Read more »
The Federal Reserve is raising interest rates, and that’s led some to worry that mortgage rates will spike and put an end to the housing boom in the United States. Not so... Read more »
The holidays have come early for the mortgage industry. Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. The 30-year,... Read more »
The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. While the central bank did not completely... Read more »
The Federal Reserve’s interest rate policy has been a topic of much debate and speculation in recent months, with many people asking, “When is the Next Fed Interest Rate Decision.” With the... Read more »
CBC Mortgage Agency – a federally chartered housing finance agency – will offer two temporary rate buydown features for its down payment assistance (DPA) program for Federal Housing Administration (FHA) loans. The... Read more »
The mortgage landscape in the United States is experiencing a significant shift as the contract rate on a 30-year fixed mortgage recently hit a four-month low, standing at 7.17% in the week... Read more »
Interest rates are a key factor that affects the housing market, as they influence the cost and availability of mortgages for homebuyers and sellers. Interest rates have been rising in 2022 and... Read more »