Page 2 - Mark Palim News Today

Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down.

Find the latest Sherwin-Williams Company (The) (SHW) stock forecast based on top analyst's estimates, plus more investing and trading data from Yahoo Finance

As the new year unfolds, the housing market is making headlines with a surge in mortgage applications, marking a 9.9% uptick from just a week ago despite a slight increase in mortgage interest rates. Insights from the Mortgage Bankers Association's (MBA) Weekly Mortgage Application Survey, adjusted for the New Year's holiday, reveal a promising start for the housing market. "Despite an uptick in mortgage rates to start 2024, applications increased after adjusting for the holiday,&...

The average rate for 30-year fixed mortgage loans rose to 6.66% from 6.62% a week prior, according to Freddie Mac on Thursday.

Fannie Mae's latest National Housing Survey showed 31% of consumers expect mortgage rates to drop in the next year.

Mortgage applications spiked by about 10 percent for the week ending January 5, lenders said.

Consumers are optimistic about the prospect of mortgage interest rates continuing to drop, which could pump life into a stagnant housing market, according to a monthly consumer survey by Fannie Mae. In December, a survey high 31% of consumers indicated they expect mortgage rates to go down, while 31% predict they will go up and 36% expect them to remain the same. Consumers are still pessimistic about homebuying conditions, but 17% indicated it's a good time to buy a home, compared to 14% in...

Demand for purchase loans still picked up last week as would-be homebuyers took advantage of rates that are still a full percentage point lower than 2023 highs.

The more recent incident involving Boeing’s 737 Max 9 planes has already been faced with scrutiny as the FAA ordered a grounding of the planes, affecting...

Boeing's 737 Max 9 planes are under sharp scrutiny with the FAA ordering the fleet to be grounded, affecting around 171 aircraft worldwide.