Quotes from the news wire:
Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.
Found on CNN 1 year ago
The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing, overall housing costs are also increasing and therefore impacting inflation, which continues to persist.
Found on CNN 1 year ago
The market's renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what they were a year ago.
Found on CNN 2 years ago
Inflation appears to be beyond its peak, which has stopped the rapid increase in mortgage rates that the housing market was experiencing earlier this year.
Found on CNN 2 years ago
The market continues to absorb the cumulative impact of the large price and rate increases that led to a plunge in affordability, as a result, over the rest of the year purchase demand likely will continue to drag, supply will modestly increase, and home price growth will decelerate.
Found on CNN 2 years ago
Mortgage rates remained volatile due to the tug of war between inflationary pressures and a clear slowdown in economic growth.
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
Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year, the combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality, many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.
Found on CNN 2 years ago
After little movement the last few weeks, mortgage rates rose again on the back of increased economic activity and incoming inflation data.
Found on CNN 2 years ago
Economic uncertainty is causing mortgage rate volatility, as a result, purchase demand is waning, and homebuilder sentiment has dropped to the lowest level in nearly two years. Builders are also dealing with rising costs, meaning this posture is likely to continue.
Found on CNN 2 years ago
Homebuyers continue to show resilience even though rising mortgage rates are causing monthly payments to increase by about one-third as compared to a year ago.
Found on CNN 2 years ago
Mortgage rates have increased 1.5 % points over the last three months alone, the fastest three-month rise since May of 1994, the increase in mortgage rates has softened purchase activity such that the monthly payment for those looking to buy a home has risen by at least 20 % from a year ago.
Found on CNN 2 years ago
Rising inflation, escalating geopolitical uncertainty and the Federal Reserve's actions are driving rates higher and weakening consumers' purchasing power, in short, the rise in mortgage rates, combined with continued house price appreciation, is increasing monthly mortgage payments and quickly affecting homebuyers' ability to keep up with the market.
Found on CNN 2 years ago
Over the long-term, we expect rates to continue to rise as inflation broadens and shortages increasingly impact many segments of the economy, however, uncertainty about the war in Ukraine is driving rate volatility that likely will continue in the short-term.
Found on CNN 2 years ago
Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week, the rise in mortgage rates so far this year has not yet affected purchase demand, but given the fast pace of home price growth, it will likely dampen demand in the near future.
Found on CNN 2 years ago
With higher inflation, promising economic growth and a tight labor market, we expect rates will continue to rise.
Found on CNN 2 years ago
Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and are more than half a percent higher than January 2021.
Found on CNN 2 years ago
While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase, unfortunately, the record low supply combined with strong demand means home prices are rapidly escalating and eroding the benefits of the low mortgage rate environment.
Found on CNN 4 years ago
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