Remove articles mortgage-rates-continue-to-rise-before-the-feds-meeting
article thumbnail

What’s pushing mortgage rates higher?

Housing Wire

Mortgage rates and bond yields kept rising Tuesday as the job openings unexpectedly increased more than anticipated. And will job openings continue higher, pushing mortgage rates even higher in the future? As I write this article today, the 10-year yield is 4.79%, with mortgage rates at 7.72%.

Mortgages 478
article thumbnail

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. But at least it’s positive!

Mortgages 494
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Housing Market Tracker: Banking crisis is a new variable

Housing Wire

Mortgage rates fell as the banking crisis got worse and purchase application data grew for the second week in a row, but the big question is: Did we hit the seasonal bottom in housing inventory? As I write this article, I see news that even Warren Buffet has been asked to chime in on how to deal with this crisis.

Banks 369
article thumbnail

Housing Market Tracker: Purchase apps surprise

Housing Wire

Mortgage rates were near 7% last week but purchase applications were still able to pull out an 8% week-to-week gain. Mortgage rates hardly budged last week, even with the Federal Reserve ‘s announcement it was pausing rate hikes and CPI inflation reports. I explain how this happened in this recent podcast.

Marketing 452
article thumbnail

Housing Market Recession

Housing Wire

This article is part of our 2022 – 2023 Housing Market Forecast series. percent in 2022 before entering a modest recession in the new year. percent in 2022 before entering a modest recession in the new year. After the series wraps, join us on February 6 for the HW+ Virtual 2023 Forecast Event.

Marketing 498
article thumbnail

Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. The pandemic, as well as policymakers, continue to have the ability to send shocks through the system.

Mortgages 447
article thumbnail

5 updated predictions for the second half of the 2022 housing market

Housing Wire

This article is part of our housing market update series. While housing market trends in the first quarter of 2022 resembled the previous year’s trend — buyer frenzy, homes selling over the asking price and continued home price appreciation — much has changed in the spring, which will impact some of the previously forecasted scenarios.

Marketing 381