Housing Wire
Have mortgage rates peaked for this cycle?
After mortgage rates spiked to 8% in October, causing a riot in the real estate industry, we had an epic move lower in mortgage rates last week. Does this mean we’ve hit the peak in […]
Mortgage Rates
Housing Wire
At last: Softer labor data sends mortgage rates lower
The jobs report today which should move mortgage rates lower, demonstrates why it’s time for the Federal Reserve to land the plane. The labor market doesn’t show wages spiraling out of control as it did […]
Builders
Builders enjoy a world of sub-6% mortgage rates
While existing homebuyers have been battling high mortgage rates for months — which are now at 8% — the builders are wooing buyers with lower rates and incentives. Today, the new home sales data beat […]
Housing Wire
New listings data unfazed by 8% mortgage rates
The haunted house ride with the bond market and mortgage rates continued this week, but one housing data line hasn’t been spooked. New listing data appears unafraid of the mortgage rate ghost story over the […]
Housing Wire
Homebuilder sentiment falls again as mortgage rates climb toward 8%
With mortgage rates nearly touching 8%, builder confidence dropped four points in October, falling to its lowest point since January 2023, the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported on […]
Financial Markets
HousingWire Annual: Logan Mohtashami covers what’s happening with bonds, mortgage rates
CEDAR CREEK, Texas — At HousingWire Annual on Tuesday, HousingWire Lead Analyst Logan Mohtashami demystified “the madness” unfolding in the bonds market in front of an audience of more than 400 real estate and mortgage […]
Financial Markets
Could mortgage rates finally hit 8%?
Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. Freddie Mac‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down […]
Housing Wire
As mortgage rates near 8%, loan originators target first-time homebuyers
In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to […]
Housing Wire
Housing inventory is at its highest point all year
Mortgage rates only kept climbing in the last week. Buyers in this real estate market notice these affordability changes, and so we can see in the data fewer home purchase offers, slightly climbing unsold inventory, […]
Mortage News
Could 7% Mortgage Rates Finally Sink Home Prices?
KEY TAKEAWAYS The average rate on a 30-year mortgage has risen to a 21-year high, putting more pressure on homebuyers. Home prices have stayed resilient even amid higher mortgage rates because the low number of […]