Quotes from the news wire:
Incoming data suggest inflation remains well above the desired level but showing signs of deceleration, these trends, coupled with tight labor markets, are creating increased optimism among prospective homebuyers as the housing market hits its peak in the spring and summer.
Found on CNN 1 year ago
Mortgage rates continue to trend down entering the traditional spring homebuying season, unfortunately, those in the market to buy are facing a number of challenges, not the least of which is the low inventory of homes for sale, especially for aspiring first-time homebuyers.
Found on CNN 1 year ago
Economic uncertainty continues to bring mortgage rates down, over the last several weeks, declining rates have brought borrowers back to the market but, as the spring homebuying season gets underway, low inventory remains a key challenge for prospective buyers.
Found on CNN 1 year ago
If mortgage rates continue to slide over the next few weeks, look for a continued rebound during the first weeks of the spring homebuying season.
Found on CNN 1 year ago
Mortgage rates continued to slide down as financial market concerns came to the fore over the last two weeks.
Found on CNN 1 year ago
Mortgage rates continue their upward trajectory as the Federal Reserve signals a more aggressive stance on monetary policy, overall, consumers are spending in sectors that are not interest rate-sensitive, such as travel and dining out. However, rate-sensitive sectors, such as housing, continue to be adversely affected. As a result, would-be homebuyers continue to face the compounding challenges of affordability and low inventory.
Found on CNN 1 year ago
With more companies announcing their return-to-office mandates last week, some remote workers may choose to relocate back to major cities or tech hubs. As home prices are still high and mortgage rates are up compared to one year ago, people who move back may prefer to stay in the rental market, driving up the already high rental demand in these areas.
Found on CNN 1 year ago
Homebuyers can potentially save $600 to $1,200 annually by taking the time to shop among lenders to find a better rate.
Found on CNN 1 year ago
The economy continues to show strength, and interest rates are repricing to account for the stronger than expected growth, tight labor market and the threat of sticky inflation.
Found on CNN 1 year ago
This one percentage point reduction in rates can allow as many as three million more mortgage-ready consumers to qualify and afford a $400,000 loan, which is the median home price.
Found on CNN 1 year ago
Mortgage rates continue to tick down and, as a result, home purchase demand is thawing from the monthslong freeze that gripped the housing market, potential homebuyers remain sensitive to changes in mortgage rates, but ample demand remains, fueled by first-time homebuyers.
Found on CNN 1 year ago
As inflation continues to moderate, mortgage rates declined again this week, rates are at their lowest level since September of last year, boosting both homebuyer demand and home builder sentiment. Declining rates are providing a much-needed boost to the housing market, but the supply of homes remains a persistent concern.
Found on CNN 1 year ago
While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates, over the last few weeks latent demand has been on display with buyers jumping in and out of the market as rates move.
Found on CNN 1 year ago
Homebuyers are waiting for rates to decrease more significantly, and when they do, a strong job market and a large demographic tailwind of Millennial renters will provide support to the purchase market, moreover, if rates continue to decline, borrowers who purchased in the last year will have opportunities to refinance into lower rates.
Found on CNN 1 year ago
Mortgage application activity sunk to a quarter-century low this week as high mortgage rates continue to weaken the housing market, while mortgage market activity has significantly shrunk over the last year, inflationary pressures are easing and should lead to lower mortgage rates in 2023.
Found on CNN 1 year ago
Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding 6 % for the first time since late 2008.
Found on CNN 2 years ago
Home sales continue to decline, prices are moderating, and consumer confidence is low, but, amid waning demand, there are still potential homebuyers on the sidelines waiting to jump back into the market.
Found on CNN 2 years ago
Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during the pandemic to a more balanced market.
Found on CNN 2 years ago
Supply remains fairly tight across most markets, the consequence is that house prices likely will continue to rise, but at a slower pace for the rest of the summer.
Found on CNN 2 years ago
It's clear that over the past two years, the combination of the pandemic, record low mortgage rates and the opportunity to work remotely spurred greater demand, now, as the market adjusts to a higher rate environment, we are seeing a period of deflated sales activity until the market normalizes.
Found on CNN 2 years ago
The housing market remains sluggish as mortgage rates inch up for a second consecutive week, consumer concerns about rising rates, inflation and a potential recession are manifesting in softening demand. As a result of these factors, we expect house price appreciation to moderate noticeably.
Found on CNN 2 years ago
These higher rates are the result of a shift in expectations about inflation and the course of monetary policy, higher mortgage rates will lead to moderation from the blistering pace of housing activity that we have experienced coming out of the pandemic, ultimately resulting in a more balanced housing market.
Found on CNN 2 years ago
Mortgage rates resumed their climb this week as the 30-year fixed reached its highest point since 2009, while housing affordability and inflationary pressures pose challenges for potential buyers, house price growth will continue but is expected to decelerate in the coming months.
Found on CNN 2 years ago
The combination of swift home price growth and the fastest mortgage rate increase in over forty years is finally affecting purchase demand.
Found on CNN 2 years ago
This week, mortgage rates averaged 5 % for the first time in over a decade, as Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the pursuit of homeownership the most expensive in a generation.
Found on CNN 2 years ago
The normalization of the economy continues as mortgage rates jumped to the highest level since the emergence of the pandemic, rate increases are expected to continue due to a strong labor market and high inflation, which likely will have an adverse impact on homebuyer demand.
Found on CNN 2 years ago
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