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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 509
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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 517
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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 520
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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 485
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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 531
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Higher mortgage rates keep the market subdued even as more sellers list their homes

Housing Wire

Mortgage rates continue to rise, serving as a bucket of cold water for lenders and consumers that were warming to lower borrowing costs just a few months ago. According to HousingWire ‘s Mortgage Rates Center , the average 30-year conforming rate was 6.61% on Tuesday. 18 to 6.15% on Tuesday. and condo starts jumped 8.1%.

Mortgages 441
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The two big housing market trends to watch in 2025

Housing Wire

All the housing market data for 2024 is in, and its fair to say that the housing market surprised us again! However, there are two big trends that stand out as we launch into 2025 affordability and sellers in the market. In the last few months, the market finally saw some sales growth over the previous year.

Marketing 543