Tagged: mortgage rates

Applications fell 5.7% annually in July, while government-backed mortgages accounted for half of builder-affiliated loan volume

Contract signings fell in every region during July, leaving purchase activity 30% below its 2019 level despite a larger workforce

Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year

One in five listings had a price reduction in July, while pending sales increased for the eighth consecutive month

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Contract signings fell 5.4% from May as elevated borrowing costs and record home prices continued to pressure affordability, particularly for first-time buyers

Oil shocks and geopolitical headlines are moving mortgage rates before the Fed acts, leaving originators little time to prepare borrowers and lock loans when opportunity returns

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Purchase demand softened while refinance activity continued to show resilience despite higher borrowing costs

Slower appreciation and more realistic seller pricing could improve purchase opportunities even as mortgage rates remain elevated