It has been 732 days since the Federal Reserve Open Market Committee (FOMC) cut interest rates in an emergency meeting in light of the then-blossoming COVID-19 pandemic. But all ...
Read More »Rising Interest Rates Driving Late-Season Homebuying Push
In an unseasonable move, home prices and the rate at which they sell both ticked upwards in October, bucking trends that usually see a cooling during this time of year.
Read More »Mortgage Rates, Home Prices on the Upswing
On Tuesday, the Federal Housing Finance Agency released its latest FHFA Index, showing interest rates on conventional purchase-money mortgages on the rise between December 2017 and January 2018. ...
Read More »Powell’s Congressional Testimony Backs Further Interest Rate Hikes
On Tuesday, Federal Reserve Chairman Jerome Powell made his first appearance before Congress since being sworn into the role. Remarking on the strengthening U.S. economy, Powell told Congress that “some ...
Read More »How Could Mortgage Rate Upswings Impact Housing?
Freddie Mac has released its February Insight report, which “looks into the effects of higher mortgage rates on home buyers, homeowners wishing to refinance, mortgage lenders, home builders and ...
Read More »FOMC Hikes Interest Rates; Will Mortgage Rates Follow?
The Fed has voted for the second time this year to raise interest rates, a decision that was hinted at back in March by Janet Yellen, FOMC Board of Governors Chair. The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. It is currently unclear how the hike in interest rates will affect mortgage rates.
Read More »FHFA Survey: Mortgage Interest Rates Continue to Fall
The Federal Housing Finance Agency has released its monthly index on mortgage interest rates, surveying 17 lenders and a total of 4,437 loans closed during the last 5 business days of April. Lenders report a decline of 14 to 15 basis points on all loan interest rates as well as a slight decline in the average loan amount. April marks the second straight month the FHFA’s survey has reported a drop in interest rates.
Read More »Happy New Year . . . Rates Reverse Course
Both 15- and 30-year fixed-rate mortgage interest rates retreated to open 2017 after two months of steady increases. How does this stack up with analysts' expectations?
Read More »Predicting the Path of Mortgage Rates in 2017
Interest rates on fixed-rate mortgages have risen by approximately 75 basis points over the last eight weeks and are at a two-year high. But how much higher are they going to get over the next 12 months?
Read More »Fed’s Projections Push Mortgage Rates Higher
Earlier this month, the Federal Reserve raised the federal funds target rate by 25 basis points—just like last December. Unlike last December, when mortgage interest rates subsequently plummeted down to near record lows seen in 2012, this time rates have gone the other direction.
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