The FHFA’s new LLPA rules threaten the very fundamental approach to pricing based on risk and could open the door for a variety of forms of price tinkering in the future, Dave Stevens argues.
Demographics, low delinquencies and healthier-than-normal household net worth could lead to a shorter downturn, according to a new Stratmor report.
Thereâs been a lot of negativity regarding the housing market lately, some that I feel reflects the usual seasonal slowdown more than anything else. Yes, listing prices often fall in autumn because there are typically more homes on the market and fewer prospective buyers chasing them late in the year. That leads to price reductions,… Read More »Purchase Mortgages Expected to Increase Next Year Despite Higher Interest Rates, Pessimism
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Mortgage demand increased across all loan types following a slowdown in inflation growth, according to the MBA, but refinance activity remained depressed.
The labor market started 2023 with a bang, which could spell trouble for the housing market as the Fed tries to control inflation this year.
“Recent indicators point to modest growth of spending and production this quarter,” Powell said in Wednesday’s Federal Open Market Committee’s (FOMC) press conference. “Consumer spending appears to be expanding at a subdued pace, in part reflecting tighter financial conditions over the past year. Activity in the housing sector continues to weaken, largely reflecting higher mortgage … [Read more…]
Mortgage rates moved down another four basis points this week, as the markets anticipated the 25 basis point increase the Federal Open Market Committee announced on Wednesday. The Freddie Mac Primary Market Survey for Feb. 2 found the average for the 30-year fixed rate mortgage at 6.09%, down from 6.13% one week prior. The 15-year … [Read more…]
The real estate market was hit hard in the recent downturn. But not all is lost. Rates are low, and home prices are down. Buying a house? You’re in luck.
The post Mortgage Applications Rise Even As Rates Inch Up. Is It Time To Buy Or Refinance? appeared first on Bible Money Matters and was written by Peter Anderson. Copyright © Bible Money Matters – please visit biblemoneymatters.com for more great content.
As mortgage rates decline, the mantra is ‘no buyers left behind’ HousingWire