Rising rates may discourage the regular home buyers, but they aren't the market-makers. All that matters is how many of the desperate-buyers-full-of-cash are left, and with the new listings trickling in, we only need a few! It's Thursday and thus time once again for...
Last Friday was an interesting day for mortgage rates and the broader bond market. Rates began the day roughly in line with Thursday's latest levels, but bonds lost ground throughout the morning. Multiple lenders adjusted rates higher before 1:30pm. After that,...
The Super Bowl is complete, and the spring selling season begins today! Judging by the quick jump in the total number of pendings, homebuyers aren't waiting around. Mortgage rates have risen faster than any time in the last dozen years, and the number of homes for...
Sellers should expedite their moving plans..... The big monthly jobs report is something that typically matters a great deal to rates. Oddly enough, today's jobs report was NOT seen having much of an impact for a few reasons. First off, analysts expected a much...
From MND: Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees itself hiking rates and decreasing its bond purchased more quickly than previously expected. It has conveyed...
Mortgage rates have been rising steadily: 2022 has gotten off to a bad start for the bond market and consequently, mortgage rates. The pace has been on the aggressive side with the average lender seeing an increase of more than a quarter of a point in a week and...
Mortgage rates in the mid-3s in January should put some pep in the buyers' step. From MND: Regular readers know that we're fond of setting the weekly record straight in cases where day-to-day rate movements paint a drastically different picture than weekly surveys. ...
A reader on Twitter wondered how rising rates will affect the 2022 frenzy. Here's what is expected today: Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest-rate policies with inflation accelerating and...
This forecast suggests that prices would still be cooking in 1Q22, but once the spring selling season gets rolling, the median prices will level off? It would take a flood of inventory to pull that off. They blame rising rates, but when that happens it usually causes...
From Mortgage News Daily - thank you: Mortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps "reacted" is the wrong word considering the market's response. Specifically, the bond market (which...
