Amid larger macroeconomic uncertainties, the total homeownership rate can be attributed to the strong growth in the below-median income homeownership rate, which has sharply increased since 2016.
Read More »Dip in Rates Drives Refi Volume Upward
The 2023 mortgage market began on a positive note, as Freddie Mac reported a week-over-week slide in mortgage rates leading to an uptick in refinance apps.
Read More »Experts Predict Home Prices to Fall YoY Nationwide in 2023
According to a new LendingTree study, a combination of relatively high rates and weak homebuyer demand will likely cause a gradual decline in prices nationwide in 2023. Click to see what else experts predict this year.
Read More »Labor Market Still Seeing ‘Significant Degree of Disruption’
While showing signs of improvement, the total number of people claiming benefits hit 3.29 million.
Read More »Freddie Mac Forecasts Mortgage Origination Performance
Here’s why Freddie Mac’s latest forecast on the economy and the housing market has revised its estimates on mortgage originations and home prices for 2019 and 2020.
Read More »The Week Ahead: Will the Labor Market Rebound?
Job gains that fell below expectations were widely viewed as a deal breaker for the Fed in deciding whether or not to raise the federal funds target rate in September. Find out what September's Employment Situation from the BLS holds on Friday, October 7, at 8:30 a.m. EST.
Read More »Labor Slowdowns Temper Housing Forecast
While housing activity and consumer spending in Q2 picked up, a slowdown in hiring and business investment has tempered what should have been a rosy forecast from Fannie Mae.
Read More »Fed: QE3 Asset Purchase Program to End In October
With the substantial improvement in the outlook for the labor market, as judged by the Committee, since the inception of the QE3 asset purchase program two years ago and the broader economy's underlying strength to support ongoing progress toward maximum employment in a price stability context, the Committee decided to conclude the QE3 program this month.
Read More »