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Mortgage Rates Rise to Highest Level Since Onset of Pandemic

Mortgage rates continued their upward trajectory for the fourth straight week, rising to their highest level since the beginning of the pandemic, according to this week’s report from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS), the 30-year fixed mortgage rate averaged 3.56% for the week ending Jan. 20, climbing another 0.7 points from a week ago. Mortgage details: 30-year fixed-rate mortgage averaged 3.56% with an average 0.7 point for the week ending January 2...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, U S Treasury, Consumer, Brokers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Existing-home sales tally banner year after 12 months of epic demand

In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5 percent surge from 2020, according to the National Association of Realtors.
Tags: Data, Analysis, Radio, Mortgage Rates, First-time buyers, Inventory, Markets & Economy, Select, Median Home Price, Existing-Home Sales, Days On Market, National Association of Realtors (NAR, NAR chief economist Lawrence Yun, All-cash Sales


Homebuyers undeterred by rising mortgage rates as loan size grows

Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out.
Tags: Radio, Va, Mortgage, Mortgage Rates, FHA, Mortgage Bankers Association, Markets & Economy, Home Sales, Refinancing, Joel Kan


Many homebuyers will be priced out of the market in 2022

Fannie Mae economists project sales of existing homes will fall by 3.2 percent this year to 5.945 million, which would still be the second-best year since 2006.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Fannie Mae, Tapering, Markets & Economy, Home Sales, Refinancing, Purchase Loans


Mortgage Rates Spike to Highest Level Since March 2020

Elevated inflation and the concerns over how federal officials intend to address it led to a significant surge in mortgage rates across the board, according to recent reports from Freddie Mac. According to the agency’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed mortgage rate averaged 3.45% for the week ending Jan. 13, climbing 0.7 points from a week earlier. Mortgage Details 30-year fixed-rate mortgage averaged 3.45% with an average of 0.7 point for the week—up from last week wh...
Tags: News, Radio, Treasury, Teams, National, Mortgage Rates, Agents, Latest News, Industry News, Freddie Mac, Consumer, Brokers, Homebuyers, George Ratiu, Primary Mortgage Market Survey, Freddie Mac According


Mortgage rates hit highest point since COVID closures in early 2020

Demand for purchase loans remains steady, but rising rates are closing the door on refinancing opportunities, according to the Mortgage Bankers Association's Weekly Mortgage Applications Survey.
Tags: Radio, Va, Mortgage, Mortgage Rates, FHA, Mortgage Bankers Association, Markets & Economy, Joel Kan, Mortgage Refinancing


I worry about higher mortgage rates — and other stuff

"When all the experts unanimously agree, it makes me nervous," Inman Publisher Brad Inman writes. "I'll never forget the careless chorus of experts pumping up the housing market in 2008."
Tags: Opinion, Wall Street, Radio, Agent, Mortgage, Columns, Mortgage Rates, Brad Inman, Markets & Economy, Select


2022 Could See Another Home-Buying Frenzy

The winter market is heating up as buyers keep a watchful eye on interest rates— expected to rise over the next year—despite a continuing inventory shortage keeping prices and competition high. According to realtor.com®’s recent Monthly Housing Report, December saw a bump in listing price growth, with the annual pace expected to return to last year’s spring and summer levels. Key findings: The U.S. median home listing price was $375,000 in December—with the annual growth pace up 10%. Home pric...
Tags: Real Estate, News, Interest Rates, Housing Market, Radio, Teams, National, Mortgage Rates, Agents, Affordability, Latest News, Industry News, Homebuying, Northeast, Real Estate News, Home Values


On anniversary of all-time low, mortgage rates climb past 3.2%

Mortgage rates rose 11 basis points this week as the Federal Reserve signaled it intends to shrink its balance sheet, according to Freddie Mac’s latest lender survey.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Freddie Mac, Markets & Economy, News Brief, Primary Mortgage Market Survey, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey


Interest rates climb as Fed looks to shrink balance sheet

Although the Fed hasn't set a timetable for shrinking its balance sheet, it's likely to do so more quickly than it did after the 2007-09 recession.
Tags: Interest Rates, Radio, Quantitative Easing, Mortgage, Federal Reserve, Mortgage Rates, Fed, Jerome Powell, Markets & Economy


Demand for mortgages slips as rates climb back to April levels

Demand for purchase loans fell to a seasonally adjusted 4 percent from two weeks ago and 12 percent from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Tags: Radio, Mortgage, Mortgage Rates, Mortgage Bankers Association, Markets & Economy, Refinancing, Joel Kan


10 key factors producing a perfect storm in real estate inventory

From low interest rates to the ongoing pandemic, a number of factors have come together to create the current inventory crisis.
Tags: Opinion, Interest Rates, Radio, Mortgage Rates, Inventory, Markets & Economy, Select, Refinancing, Inventory Shortage, Carl Medford, COVID


Mortgage Rates Moving Sideways Into 2022

The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 30, 2021, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Mortgage details: – The 30-year fixed-rate mortgage averaged 3.11% with an average 0.7 point, up from last week when it averaged 3.05%. Last year, the 30-year FRM averaged 2.67%. – The 15-year fixed-rate mortgage averaged 2.33% with an average 0.7 point, up from last week when it averaged 2.30%. Last year, the 15-year FRM averag...
Tags: News, Interest Rates, Radio, Treasury, National, Mortgage, Lending, Mortgage Rates, Financing, Latest News, Industry News, Freddie Mac, Treasuries, Real Estate News, Danielle Hale, Sam Khater


Why the housing market won’t burn quite as hot in 2022

The housing market will cool slightly in 2022, but it will scorch as a multitude of buyers chase too few homes, according to economic experts.
Tags: Bank Of America, Radio, Millennials, Mortgage Rates, Zillow, Redfin, Inventory, Nerdwallet, NAR, Fannie Mae, National Association of Realtors, Lawrence Yun, Markets & Economy, Select, Realtor.com, Home Prices


The biggest mortgage, lending and housing finance stories of 2021

The rise of Power Buying, regulatory battles, Fed tapering and big acquisitions rattled lending decisions and homebuyer game plans during a momentous year for the mortgage industry.
Tags: Technology, Climate Change, Regulations, Radio, Maxwell, Machine Learning, Aws, Mortgage, Ai, Federal Reserve, Mortgage Rates, Uwm, Amazon Web Services, Better, Enact, Freddie Mac


Mortgage Rates Bumped Down Leading Up to the Holidays

The 30-year fixed-rate mortgage (FRM) averaged 3.05% for the week ending Dec. 23, according to the latest data from Freddie Mac. Mortgage details: The 30-year fixed-rate mortgage averaged 3.05% with an average 0.7 point f, down from last week when it averaged 3.12%. Last year, the 30-year FRM averaged 2.66%. The 15-year fixed-rate mortgage averaged 2.30% with an average 0.7 point, down from last week when it averaged 2.34%. Last year, the 15-year FRM averaged 2.19%. The 5-year Treasury-indexed ...
Tags: News, Holidays, Mba, Interest Rates, Radio, Treasury, National, Mortgage, Lending, Federal Reserve, Mortgage Rates, Financing, Latest News, Industry News, Real Estate News, Mortgage Bankers Association


Mortgage rates dip as Omicron variant triggers market volatility

Thirty-year mortgage rates fell to 3.05 percent, down 7 basis points from the week prior, according to Freddie Mac’s most recent lender survey released Thursday.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Freddie Mac, National Association of Realtors, Lawrence Yun, Markets & Economy, News Brief, Realtor.com, George Ratiu, Primary Mortgage Market Survey, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate


US home sales prices hit another all-time high, leaving buyers in the dust

A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market.
Tags: US, Radio, Agent, Supply, Mortgage Rates, Redfin, Homebuying, Markets & Economy, Brokerage, Select, Median Home Price, Homebuyers, Buyer Demand, Low Inventory, Days On Market, Daryl Fairweather


Fueled by climbing mortgage rates, existing-home sales rise again

The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors.
Tags: Supply Chain, Data, Analysis, Radio, Mortgage Rates, Inventory, Markets & Economy, Select, Realtor.com, Existing-Home Sales, First-Time Homebuyers, George Ratiu, National Association of Realtors (NAR, NAR chief economist Lawrence Yun, Second Homebuyers, Median Prices


Small, outdoor-friendly rental markets thrived in 2021: RentCafe

As would-be homebuyers opted out of the for-sale market due to harsh market conditions in 2021, renters turned to alternative markets with space and access to nature, a recent year-end study from RentCafe found.
Tags: Competition, Radio, San Diego, Mortgage Rates, Credit Score, University Of California, Rentals, Knoxville, Eugene, Markets & Economy, Select, Home Prices, Renters, Tech Hub, RENTCafé, Property Portfolio


Mortgage Rates Inch Up Following Fed Policy Changes

The 30-year fixed-rate mortgage (FRM) averaged 3.12% for the week ending Dec. 16, according to Freddie Mac’s latest Primary Mortgage Market Survey®. Mortgage rate details: The 30-year fixed-rate mortgage averaged 3.12% with an average 0.6 point, up from last week when it averaged 3.10%. Last year, the 30-year FRM averaged 2.67%. The 15-year fixed-rate mortgage averaged 2.34% with an average 0.7 point, down from last week when it averaged 2.38%. Last year, the 15-year FRM averaged 2.21%. The 5-y...
Tags: Feature, Real Estate, News, Interest Rates, Radio, Luxury, Treasury, Teams, National, Mortgage, Lending, Federal Reserve, Mortgage Rates, Financing, Agents, Latest News


Before the Fed sped up tapering, mortgage rates saw little change

With mortgages likely getting more expensive for borrowers down the road, the rates for 30-year loans have been holding steady for weeks.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, Freddie Mac, Tapering, Markets & Economy, News Brief, Sam Khater, Banking & Lending, 30 Year Fixed-rate, Bond Yields, 15-year Fixed Rate, Lender Survey, U.S. Treasury yields


Home prices hit near record high as inventory bottoms out

Redfin chief economist Daryl Fairweather says homebuyers are finding themselves "priced out of homeownership."
Tags: Radio, Mortgage Rates, Redfin, Inventory, Markets & Economy, Select, Home Prices, Daryl Fairweather


Bond yields rise as Fed says it will double pace of tapering

The Federal Reserve will double the pace of its tapering of support for mortgage markets, as falling unemployment and worries about inflation outweigh uncertainty around the potential health and economic impacts of the Omicron variant.
Tags: Radio, Inflation, Mortgage, Federal Reserve, Mortgage Rates, Fed, Jerome Powell, Markets & Economy, Federal Funds Rate


2021 broke records for days on market, median price and more

A new report from Redfin describes 2021 as "remarkable" and identifies numerous records that fell over the past 12 months.
Tags: Remote Work, Radio, Luxury, Agent, Mortgage, Mortgage Rates, Redfin, Industry News, Markets & Economy, News Brief, Pandemic, Days On Market, Daryl Fairweather, Coronavirus, COVID-19, COVID


Markets remain volatile, but mortgage rates stay the course

The average rate for a 30-year, fixed rate loan was 3.10 percent this week, according to Freddie Mac's latest lender survey.
Tags: Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey


Mortgage Rates Stable Heading Into Continued Pandemic Uncertainty

The 30-year fixed-rate mortgage (FRM) averaged 3.11% for the week ending Dec. 2, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). Mortgage details: The 30-year fixed-rate mortgage averaged 3.11% with an average 0.6 point for the week ending Dec. 2, 2021, up slightly from last week when it averaged 3.10%. Last year, the 30-year FRM averaged 2.71%. The 15-year fixed-rate mortgage averaged 2.39%with an average 0.6 point, down from last week when it averaged 2.42%. Last year, the 1...
Tags: Real Estate, News, Congress, Interest Rates, Radio, Treasury, National, Lending, Federal Reserve, Mortgage Rates, Financing, ADP, Latest News, Industry News, Dec, Freddie Mac


After rocky November, rates for 30-year mortgages stabilize above 3%

The average rate for a 30-year mortgage has been climbing in recent months and now rests 17 percent higher than its all-time low in January, according to Freddie Mac’s latest lender survey.
Tags: Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, Primary Mortgage Market Survey, Sam Khater, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate


Drop in demand for mortgage refinancing hints at what’s to come

Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Tags: Radio, Mortgage, Mortgage Rates, Mortgage Bankers Association, Markets & Economy, the Mortgage Bankers Association, Joel Kan


Fed still considering faster tapering of support for mortgages

Speaking before the Senate Banking Committee Federal Reserve Chair Jerome Powell said the recent rise in COVID-19 cases and the emergence of the Omicron variant does pose "downside risks to employment and economic activity and increased uncertainty for inflation."
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, Jerome Powell, Tapering, Markets & Economy, Omicron, Coronavirus, COVID-19, COVID, Senate Banking Committee Federal Reserve Chair



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