Housing Wire
JUNE 16, 2022
neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.
Housing Wire
JUNE 5, 2023
“In a sense, the gridlocked housing market has been feeding on itself,” Andy Walden , VP of enterprise research strategy at Black Knight, said. Tightening credit availability, elevated rates, inventory shortages and strengthening home prices are adding to affordability challenges, the report notes. In turn, the 100 largest U.S.
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Housing Wire
JUNE 7, 2023
High home prices and mortgage rates are continuing to constrain affordability in housing markets nationwide. Fannie Mae ‘s Home Purchase Sentiment Index (HPSI) — which tracks the housing market and consumer confidence with selling or buying a home — declined by 1.2 points in May to 65.6. It now takes 34.2%
Housing Wire
APRIL 12, 2024
But Scharf also said that “markets and rates will likely remain volatile.“ Meanwhile, JPMorgan Chase Chairman and CEO Jamie Dimon , who recently called for “mortgage regulatory simplification,” said that many economic indicators remain favorable, but ”looking ahead, we remain alert to a number of significant uncertain forces.”
Housing Wire
SEPTEMBER 17, 2021
Thus, lenders can and should expect continued volatility in mortgage rates through the end of 2021 and into 2022. A quick look at recent historical interest rate trends provides ample evidence of this. On the flip side, events unrelated to the Fed’s activities can also have a tremendous impact on the market.
Housing Wire
OCTOBER 26, 2023
According to Spector, many of the borrowers who are locked in a low, fixed-rate mortgage are incentivized to stay in their homes. billion in unpaid principal balance (UPB) as of Sept. The increase happened because production volumes more than offset prepayment activity, which is low due to higher mortgage rates.
Housing Wire
MAY 2, 2022
While the annual home price growth reflects a slowdown in March after accelerating for the previous four months, home prices are up about 6% nationwide year-to-date and the 30-year mortgage interest rate of 5.11% as of April 21 continued to propel a lack of affordable homes. “As Presented by: Finance of America.
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