In a new blog post, First American Chief Economist Mark Fleming explains that " “mortgage rate stability, even if the stabilization occurs at a higher level, is the key to a housing recovery.”
Read More »Purchase Demand Remains, Despite Leveling Off of Rates
The surge in mortgage rates seen last week has slowed slightly, as Freddie Mac expects rates to continue to increase, but at a more gradual pace.
Read More »2022 Kicks Off With Rise in Mortgage Rates
Mortgage rates hit levels last seen in May 2020 to kick off the new year, with affordability remaining a hurdle faced by many first-time buyers due to record-high prices.
Read More »Mortgage Rates Remain Low and Stable
With rates dropping slightly to 3.10%, a strengthening economy and improvements in employment numbers are two factors that will drive a strong housing market into 2022.
Read More »Rates Remain Favorable for Refi-Seekers
In a holiday-shortened week, mortgage rates rose slightly, hitting 3.11%, yet remaining within range of all-time lows.
Read More »Inflation, Consumer Spending Driving Mortgage Rates Upward
After dipping below the 3% mark last week, fixed-rate mortgages climbed on the strength of a rise in consumer spending and improvements in unemployment.
Read More »The Mortgage Rate Rollercoaster
For the first time in over a month, mortgage rates have dropped below the 3% mark, signaling a strong finish for the purchase and refi markets to close out 2021.
Read More »Fannie Mae Market Report: Consumer Sentiment and Housing
Despite pessimism regarding the U.S. economy, and a predicted rise in rates, a new GSE poll found homebuyer sentiment on the rise in October.
Read More »Mortgage Rates Down Week-Over-Week
The days of rates in the 3% range may be numbered, as yesterday’s actions by the Fed to begin tapering may put upward pressure on rates moving forward.
Read More »Increase in Consumer Optimism Drives Rise in Mortgage Rates
Mortgage rates have risen to 3.14%, up five basis points, with refi activity dipping for the fifth straight week.
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