Tag Archives: Unemployment

Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.

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.

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.

Home sales may be at their highest levels in 15 years, but a number of factors may force the market to cool next year.

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.

While rates continue to hover at record lows, a rise in economic and financial market uncertainties, competition remains high for tight inventory as affordability issues linger.

Freddie Mac reports mortgage rates leveling off as COVID variants have led to weaker employment, a drop-off in spending, and declining consumer confidence.

With the U.S. economy on the rise, mortgage rates slipped further below the 3% mark, but high prices and short supply continue to force down application volume.

Though nowhere near pre-pandemic numbers, jobless claims are dropping. Learn which state saw the largest decrease, and what one Fannie Mae economist had to say about the numbers.

While the latest figure is a decline from the previously released data, the housing industry is still feeling the effects.