The Federal Reserve on Wednesday halted its streak of 10 consecutive rate hikes since March 2022.
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Category: interest rates
MBA: Mortgage applications rise on lower rates
Interest rates on mortgages of all types declined last week, spurring an uptick in borrowing, the Mortgage Bankers Association reported.
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Lawrence Yun: Fed rate hike ‘unnecessary and harmful’
NAR Chief Economist Lawrence Yun said the Federal Reserve’s latest increase in its benchmark interest rate is an unnecessary threat to many small regional banks.
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Mortgage Rates Just Jumped Again: Check Out How Much More Homeowners Have To Shell Out Each Month
Homebuyers today will pay this much more every month than they would have a year ago, largely due to higher mortgage rates.
The post Mortgage Rates Just Jumped Again: Check Out How Much More Homeowners Have To Shell Out Each Month appeared first on Real Estate News & Insights | realtor.com®.
NAR: Existing-home sales fall 7.7% in November
The month-over-month decline in sales came as prices rose for the 129th consecutive month, the National Association of REALTORS® said.
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Finally, Mortgage Rates and Home Prices Favor Buyers—but How Long Will This Christmas Miracle Last?
We unwrap the latest real estate statistics, and what it means for homebuyers and sellers as we close out the year.
The post Finally, Mortgage Rates and Home Prices Favor Buyers—but How Long Will This Christmas Miracle Last? appeared first on Real Estate News & Insights | realtor.com®.
Any End in Sight? Mortgage Rates Jump, Delivering Another Shattering Blow to the Housing Market
Soaring mortgage interest rates are continuing to kick the battered and bruised housing market when it’s already down. What’s next?
The post Any End in Sight? Mortgage Rates Jump, Delivering Another Shattering Blow to the Housing Market appeared first on Real Estate News & Insights | realtor.com®.
Two views on what the Fed’s latest interest-rate hike means for real estate
Two economists expressed concerns about the real estate industry in the wake of the Fed’s decision to raise interest rates by three-quarters of a percent.
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30-year fixed tops 6% for first time since 2008 in latest MBA survey
Mortgage applications declined 1.2% during the week ended Sept. 9, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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Federal Reserve raises interest rates by .75% — again
Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.
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