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How will mortgage rates impact seasonal inventory in 2024?

Housing Wire

How will mortgage rates impact seasonal inventory in 2024? This is due to demand rising late in one year, pushing through the early part of the next year and preventing inventory growth. Also, when mortgage rates rise, the inventory peak happens later in the year.

Mortgages 510
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Housing Market Tracker: Mortgage rates and inventory fall together

Housing Wire

The financial and housing markets are still trying to sort out the banking crisis and whether we have seen the last Fed rate hike in this cycle. These events led to lower mortgage rates and increased purchase application data last week, but decreased housing inventory.

Mortgages 445
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Housing Market Tracker: Still no spring inventory lift

Housing Wire

Housing demand grew and inventory levels fell again while mortgage rates rose. Mortgage rates rose to 6.57%. Purchase applications data rose for the fourth straight week, which continues the streak of 2023, having more positive weekly data than negative. 9, 2022, is purchase application data.

Marketing 484
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Logan Mohtashami on how the housing market is holding up

Housing Wire

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. HousingWire: The best way to start is to talk about purchase application data, can you break that down for us? The last time we had 5% mortgage rates was in 2018.

Marketing 395
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Will we start 2022 with all-time lows in housing inventory?

Housing Wire

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. While the rate of growth of home prices is cooling off (the S&P CoreLogic Case-Shiller Home Price Index typically lags), it’s still at a very unhealthy level for me.

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The savagely unhealthy housing market is now a nightmare

Housing Wire

Now that we are almost in July, we can safely say the premise that once mortgage rates hit 4%, the mass panic selling of American homeowners who need to get out at all costs, driving total inventory up in the millions, hasn’t happened. Now that mortgage rates have risen, demand is getting hit, while we are still showing 14.8%

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What happens after the Fed’s rate hike?

Housing Wire

The Federal Reserve will hold another meeting this week, where everyone assumes we will get another 75 bps rate hike. The question is: how many more rate hikes are left? And, once they’re done hiking rates, will the Fed need to keep rates high because the consumer balance sheet looks so good?