30 Year fixed mortgage rates have jumped 160bp this year, reaching the highest since November 2018, with the latest Freddie Mac data showing an acceleration in mortgage rates which jumped a quarter point in just the past week, from 4.42% to 4.67%.
Newsfeed: Biggest Housing Affordability Shock In History Incoming Read More »
The Federal Reserve and other central banks took ownership of the bond markets during the pandemic with zero-bound rates. Now they are busy breaking them.
Newsfeed: The Fed Owned The Bond Market, Now It’s Breaking It Read More »
The deceleration in home prices seen last fall didn’t continue in January as home buyers rushed to lock in deals.
Annual inflation hit a 40-year high last month, at 7.9 percent. And that’s pushing house prices up even higher. NTD spoke with Russell Gray, co-host of “The Real Estate Guys” podcast, to learn more
Newsfeed: Real Estate Guy: Home Prices May Keep Rising Read More »
Signs of trouble continue to show up in the world’s largest, most liquid government-securities market as government bonds logged their worst week in years and the U.S. central bank’s interest rate hiking cycle gets under way.
US mortgage rates continued their near-vertical ascent, soaring to levels not seen since Jan 2019 at an almost unprecedented speed…
Newsfeed: Housing Affordability Crisis Imminent As Mortgage Rates Hit 3 Year High Read More »
The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago.
Newsfeed: Mortgage rate soars closer to 5% in its second huge jump this week Read More »
Federal Reserve Governor Christopher Waller said longer-run structural issues will continue to put upward pressure on home prices and rents even as the central bank begins a campaign to raise borrowing costs.
Newsfeed: Inflation measures risk understating housing costs, Fed governor says Read More »
Despite the unexpected plunge in existing home sales, analysts expected new home sales in February to rebound modestly from January’s drop but they were wrong (again) as new home sales fell 2.0% (+1.1% exp) and worse still January’s 4.5% drop was revised drastically worse to a 8.4% plunge.
Newsfeed: New Home Sales Unexpectedly Tumble In February As Mortgage Apps Crash Read More »
As the latest existing home sales report cautioned, with NAR chief economist Larry Yun warning that “housing affordability continues to be a major challenge…”
Newsfeed: Housing Affordability Is About To Crash The Most On Record Read More »