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Rising Mortgage Rates Take Big Bite Out Of Homebuyer Demand

Applications for purchase loans plummeted by a seasonally adjusted 10 percent last week, according to a survey of lenders by the Mortgage Bankers Association.

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Economic Outlook: Recession May Be What Drives Rates Down In 2024

Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a "soft landing" still possible?

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Lower Mortgage Rates Failed To Spur Homebuyers Last Week

Demand for purchase loans has picked up in five of the last seven weeks as mortgage rates continue a dramatic retreat from October highs on expectations of Fed rate cuts.

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Homebuyers Continue To Take Advantage Of Falling Mortgage Rates

Demand for purchase mortgages has picked up in five out of the last six weeks, and applications to refinance have roared back, jumping 27 percent from a year ago.

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Economists Agree Mortgage Rates Have Probably Peaked, But Will They Come Down?

Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they'll come down over the next two years.

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Recession in '24 still more likely than soft landing, Fannie Mae says

Recession in '24 still more likely than soft landing, Fannie Mae says
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Economists Now Less Certain 2024 Will Bring Mortgage Rate Relief

Fed's "higher for longer" rate strategy could keep home sales from rebounding in 2024 or limit the strength of a recovery, according to two closely followed forecasts.

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MBA Forecasts Slow Rise in Mortgage Business with Optimistic Outlook for 2025

MBA Forecasts Slow Rise in Mortgage Business with Optimistic Outlook for 2025
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Fed Stays Put But Is Prepared To Hike Rates One More Time This Year

Treasury yields, a barometer for mortgage rates, barely budged Wednesday as bond market investors look ahead to next year when the Fed is expected to start bringing short-term rates back down.

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'Inflation Is Still Running Too High': Homebuyers Stunned By Mortgage Rate Surge

Requests for purchase loans were down last week by 31 percent from a year ago as rates rose to new 2023 highs and homes remained scarce in many markets.

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