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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound
When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mortgage Bankers Association. But when the average 30-year fixed rate jumped to around 6.8% last week, mortgage activity plummeted 10%.
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected ...
Major industry organizations, including the Mortgage Bankers Association, Freddie Mac and Fannie Mae, expect mortgage rates ...
Inflation is still holding on, and the Federal Reserve has yet to lower its benchmark rate any further, factors that mean mortgage rates aren’t likely to move much this month. However, a slowing ...
America’s housing market is flashing red on multiple fronts, with affordability at its worst in years and little relief in ...
With the summer homebuying season in full swing, are mortgage rates at a low enough level to keep activity flowing through Labor Day?
The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, ...
With the Federal Reserve's July meeting on the horizon, many prospective homebuyers and homeowners are wondering what it ...
The Housing Market Tracker shows housing inventory decreased last week, while purchase application data grew 25% ...
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