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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. We now have a better idea of what the Federal Reserve wants to do with their Fed rate hikes, and we have a lot of data that shows that the economy will look different 12 months from now.

Marketing 510
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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. A silver lining is that we are expecting both 2022 and 2023 to be record years for purchase originations.

Mortgages 450
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Higher Interest Rates Are Coming Soon!

Realty Biz

And now, higher interest rates are about to kick in. What to Expect for Higher Interest Rates. One of the strong reasons was to lock in interest rates ahead of the Mid-March rate increase by the Federal Reserve that is now considered a foregone conclusion. The Fed does more than just set the fed funds rate.

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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. We cannot break over 4.6 6% for a year.

Marketing 483
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5 updated predictions for the second half of the 2022 housing market

Housing Wire

This article is part of our housing market update series. Currently, bets are on two, 50 basis-point hikes in May and June meetings, followed by 25 basis-point increases through the end of the year. At over 5%, mortgage rates are now the highest they have been since 2010. Deviations from economic predictions.

Marketing 382
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Who Has Questions About Interest Rates?

Toronto Realty Blog

Well, it appeared that within this 15-20 minute window, the Bank of Canada announced that they would raise the benchmark lending rate by 100 basis points, or a full 1.00%. One from a client: David, we just heard about the interest rate hike! One from a friend: Saw the BOC hike. TorontoRealtyBlog. What was going on?

Banks 95
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Is The CMHC Limiting Their Downside, Or Their Upside?

Toronto Realty Blog

This past week, the Canadian Mortgage & Housing Corporation announced that it was placing a ceiling of 8% on any gain or profit on a property purchased through the “First Time Home Buyer Incentive Program,” but also an 8% cap on any losses. Let’s start today’s blog post with another quote. I was right.

Equity 84