Before their spring meeting, the Federal Open Market Committee moved to hold interest rates steady. Click through for commentary on the news.
Read More »Average New Mortgage Payments up 60% in Last Two Years
"The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that's before taxes and insurance are factored in." said Black Knight VP of Enterprise Research Andy Walden.
Read More »Study: Both Lenders and Borrowers Facing Challenges
“Higher mortgage rates, record levels of home price appreciation, constrained housing inventories, and economic inflation are challenging for both lenders and borrowers,” said Paul Doman, President and CEO of Accurate Group.
Read More »Fannie Mae: Recession Conditions Expected in Second Half of 2023
“Inflation has now been joined by financial stability concerns as threats to sustained growth,” said Doug Duncan, SVP and Chief Economist for Fannie Mae.
Read More »Tumultuous 2022 May Lead to Stable 2023
Since the pandemic, the housing market has been tumultuous, to put it lightly. In a new blog post, First American Economist Ksenia Potapov discusses whether this year will follow the same course.
Read More »Number of House Hunters on the Rise
New Redfin data reveals that Google searches for “homes for sale” were up nearly 50% from their November low during the week ending January 7. Here’s what else the data reveals about the state of the housing market.
Read More »Military Personnel and the State of the Housing Market
According to House Method’s most recent servicemember survey, respondents remained relatively optimistic about their chances of buying a house while being in the military.
Read More »Potential Homebuyers Feel Biggest Impact of Rising Rates
“The higher the mortgage rate, the more sellers will go on strike and the more potential buyers will feel the impact of reduced house-buying power, but price appreciation will further slow and potential buyers can use adjustable-rate mortgages to regain some of that lost house-buying power,” said Mark Fleming, First American’s Chief Economist.
Read More »Tumultuous Economic Conditions on Horizon After Recent Fed Move
According to new research from Fannie Mae’s Economic and Strategic Research Group (ESR), the housing market is expected to further cool as mortgage rates continue to rise and ...
Read More »Fed Raises Interest Rates by 75 Points
For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their ...
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