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Mortgage rates fall as markets calm down

Housing Wire

Over the weekend, fears rose that the 10-year yield would climb to 5%, leading to 8% mortgage rates. Remarkably, mortgage rates have dipped below 7% once more. So what happened to calm the markets? This situation led to a significant influx of capital into the bond market.

Mortgages 514
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Elevated mortgage rates aren’t discouraging homebuyers

Housing Wire

Right now we have elevated mortgage rates , trade war uncertainty , rising property taxes and home insurance, terrible consumer confidence data and a downgrade of the government’s debt, among other factors. Typically, mortgage rates around 6% are necessary for significant growth in the housing market.

Mortgages 521
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One mortgage lender abandons the Florida condo market

Housing Wire

In particular it’s created a glut of 30-plus-year-old units on the market, with few takers. One Florida mortgage broker said the Provident exit gave him “a feeling that we will see other major lenders exiting the condominium market in Florida. Messages left with Provident were not immediately returned on Friday.

Mortgages 522
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Mortgage rates sharp reversal as market go wild

Housing Wire

The past few days have been highly turbulent for the stock and bond markets, resulting in dramatic shifts in mortgage rate pricing. I’ve been concerned over the past few days, emphasizing that without the recent tariff news , we likely wouldnt have seen mortgage rates drop to a year-to-date low last week.

Mortgages 489
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2025 labor market holds key for mortgage rates

Housing Wire

Today, the BLS jobs report showed that the labor market is getting softer, but it’s not breaking. This gives us a glimpse of what may happen over the next 10 months for mortgage rates, especially since, since Jan. Additionally, can mortgage rates decrease toward 6% to support builders? 14, we’ve seen them move lower.

Mortgages 426
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Mortgage rates remain high due to labor market resilience

Housing Wire

The labor market is showing signs of softness but is not breaking down yet, which has kept mortgage rates higher for longer. Since 2022, my guiding principle has been that the labor market is more important than inflation in determining mortgage rates. percent, the U.S.

Mortgages 467
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Lower mortgage rates are spurring housing demand

Housing Wire

Mortgage rates recently hit a year-to-date low, coinciding with ongoing market disruptions from tariffs. The more encouraging story, however, is that the spring season is shaping up positively for the housing market. In fact, if mortgage rates head toward 6%, we will have a positive year here.

Mortgages 532