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Mortgage rates up to 7 57% this week on heels of strong jobs report: Freddie Mac

Mortgage rates averaged 7.57% this week, according to Freddie Mac. That's 60 basis points higher than this time a year ago.

Lisa sturtevantFreddie macSam khaterHannah jonesFreddie mac primary mortgage marketFederal reserveHousingwire mortgage rates centerPrimary mortgage market surveyConsumer price indexMortgage rates centerOptimal blueMortgage news dailyEconomist lisa sturtevant

MBA, NAR, NAHB call on the Fed to provide market certainty about its rate path

Ongoing market uncertainty about the Fed’s rate path exacerbated housing affordability: MBA, NAR, NAHB in a letter to Fed Chair Powell

Jerome powellNational association of realtorsNational association of home buildersFederal reserveMortgage bankers associationHousingwire mortgage rates centerNational associationHome buildersFederal reserve systemFed chair jerome powellMortgage rates centerMortgage news daily

Fannie Mae s chief economist: We don t expect spreads to come down anytime soon

Doug Duncan spoke about the challenges of the secondary market during the AIME Fuse 2023 conference in Las Vegas.

Doug duncanLas vegasMortgage rates centerFannie maeAssociation of independent mortgage expertIndependent mortgage expertWall street journalFederal reserve

Fed must signal that it s at the end of its rate hikes: MBA

In the midst of mortgage rates climbing to a 23-year high, the MBA called on the Fed to bring some certainty to financial markets.

Freddie macBob broeksmitFederal reserveHousingwire mortgage rates centerMortgage bankers associationMortgage rates centerCapitol hill

Could mortgage rates finally hit 8%?

Mortgage rates kept climbing this week as spreads on the 10-year Treasury yield widened, reaching a 16-year high. An 8% mortgage this year looks increasingly likely.

Sam khaterJiayi xuAndy waldenLisa sturtevantJoel kanFreddie macMortgage bankers associationFederal reserveHousingwire mortgage rates centerMarket committeeFreddie mac primary mortgage marketPrimary mortgage market surveyMortgage rates centerOptimal blueMortgage news dailyEconomist lisa sturtevant

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