rates
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Real estate
Rising mortgage rates are affecting builders’ confidence
Current data on housing starts exceeded estimates; However, a closer look at the builder confidence report shows that the recent…
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Real estate
Jobs week data keeps mortgage rates above 7%
By BLS: Total nonfarm employment rose by 256,000 in December, and the unemployment rate was little changed at 4.1 percent,…
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Real estate
Demand for housing is positive, but is at risk due to higher mortgage interest rates
Our weekly current contract data is still positive year over year, but only by 1%, as demand growth has slowed…
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Real estate
Consumer confidence about mortgage interest rates is better than last year
Fannie Mae‘S Sentiment index for home purchases (HPSI) fell 1.9 points to 73.1 in December – a figure substantially higher…
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Real estate
Jobless claims keep mortgage rates high
Today, the unemployment claims data showed again why mortgage rates remain high, confirming that the labor market is not collapsing.…
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Real estate
The higher mortgage interest rates are slowing down refinancing activities
Refinancing volume is a fraction of what it was three years ago, when mortgage rates plummeted to historic lows, but…
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Real estate
Mortgage rates are unlikely to fall even with another Fed rate cut
Mortgage rates haven’t changed much in the past week, but Wednesday’s meeting Federal Reserve should provide a clearer understanding of…
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Real estate
Demand for housing remains resilient, even with higher mortgage rates
The holidays are here and despite last week’s higher mortgage rates, housing demand is showing some festive resilience. Typically, we…
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Real estate
Mortgage interest rates are falling based on weekly job data
Mortgage rates fell this week and are now far from the levels that were widely discussed after the election. With…
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Real estate
Will we see a Sinterklaas rally in mortgage rates?
Despite initial concerns that rates would push mortgage rates up to 8% and reduce housing demand, this week has brought…
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