Mortgage rates fell this week as the October inflation report drove down the yield on the 10-year Treasury. On Thursday, investors priced in a 99.7% chance that the Fed will hold interest... Read more »
Although high mortgage rates, elevated home prices and limited housing inventory have crippled the 2023 housing market, the outlook for 2024 is brighter, according to Lawrence Yun, chief economist with the National... Read more »
Homebuyers are forking over larger down payments to offset higher borrowing costs thanks to mortgage rates hitting multi-decade highs. On average, homebuyers put down 14.7% of the home’s purchase price for a... Read more »
Will interest rates drop in 2024? The answer to this pivotal question holds significant implications for investors, homeowners, businesses, and the overall financial landscape. Before we can peer into the future, it’s essential... Read more »
Mortgage demand experienced a notable surge, reaching the highest level in five weeks, following a decline in interest rates. The Mortgage Bankers Association’s seasonally adjusted index reported a 2.8% increase in demand,... Read more »
The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has stifled origination volume... Read more »
In September, all-cash purchases represented one-third of the U.S. home purchases, compared to 29.5% a year ago, according to a Redfin report. It’s the highest share of all-cash transactions recorded since 2014.... Read more »
Stubbornly elevated mortgage rates created more affordability pressures for homebuyers in October, according to ICE Mortgage Technology’s November Mortgage Monitor report. In October, the monthly payment needed to purchase a median-priced home... Read more »
The housing market is an ever-changing landscape, with various factors influencing its trends and movements. One of the most significant factors impacting the housing market is interest rates. Housing market interest rates... Read more »
Mortgage rates and the 10-year yield The 10-year yield has had a wild ride this week, especially during overnight trading. The 10-year yield hit a high of 4.93% after hours on Halloween,... Read more »