Tag: mortgage rates
The mortgage rate lock-in didn’t start in 2022
FHFA, in its March 2024 research paper, The Lock-In Effect of Rising Mortgage Rates, quantified the degree to which rising mortgage rates slowed housing purchases [Read more about this post…]
Mortgage rates continue to trend down ahead of inflation report
As the U.S. reaches its peak homebuying season, mortgage rates continue to ease week over week. HousingWire’s Mortgage Rates Center showed the average 30-year fixed [Read more about this post…]
Opinion: If you’re chasing volume, you’re chasing the wrong carrot
One of the most notable surprises of 2024 has been the trajectory of mortgage rates. When the average rate on 30-year loans dropped from 8.01% [Read more about this post…]
Low-rate mortgages are making a dent in job recruitment efforts
Job recruiters in the South are facing hurdles to attract skilled professionals from the Midwest despite offering competitive compensation packages, according to a Bloomberg report [Read more about this post…]
Spring forecast: More inventory and rising home sales
Pending sales Last week saw 69,000 new contracts for single-family home purchases across the country. There were another 15,000 condo sales started. That’s up 3% [Read more about this post…]