Mortgage rates rise for fourth straight week
David Bernsen, Managing Partner of Bernsen Group, discusses market volatility and analyzes the real estate market on “The Big Money Show.” Mortgage rates continued their upward trajectory this week, rising for the first month in a row, further weighing down demand in the stagnant housing market. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, […]
Home sales hit 14-year low despite low mortgage rates, rising supply
U.S. existing home sales slowed to their slowest annual pace in nearly 14 years in September, even as mortgage rates eased and the supply of real estate on the market continued to increase. Existing home sales fell 1% last month from August to a seasonally adjusted annual rate of 3.84 million units, the National Association […]
Why mortgage rates are going up despite the Fed’s rate cut
Claman Countdown panelists Jeff Sica and Dutch Masters predict Fed Chairman Jerome Powell's next move. Americans watched mortgage rates soar during the Federal Reserve's aggressive anti-inflation policies, after the central bank finally cut the federal funds rate for the first time in four years last month. , many people have come to expect interest rate […]
Why have mortgage rates jumped despite interest rate cuts?
Mortgage rates have soared in recent weeks, an ugly surprise for prospective homebuyers who were hoping for relief from the Federal Reserve's big interest rate cuts last month. The average interest rate on a 30-year fixed mortgage rose for the third week in a row to 6.5%. According to Freddie Mac. This rate is up […]
Flagstar Bank laying off 700 more employees, 1,200 others to be affected by sale of mortgage business – Newsday
Flagstar Bank will lay off about 700 additional employees “as part of its strategic transformation plan,” according to the Hicksville-based bank's parent company. New York Community Bancorp, which acquired Flagstar in 2022, said in a statement Thursday that the layoffs represent about 8% of the bank's workforce. According to NYCB, these job cuts are part […]
Mortgage rates October 17 2024
Global Mansion host and real estate expert Katrina Campins offers her best tips for strengthening your housing portfolio and weighs the impact on the market under a future Trump or Harris administration. Mortgage rates continued to rise this week, with rising interest rates and soaring home prices further hampering demand in the housing market. Freddie […]
Mortgage rates surge higher, further hurting demand
“Global Mansions” host and real estate expert Katrina Campins offers her best tips for strengthening your housing portfolio and weighs the impact on the market under a future Trump or Harris administration. Mortgage rates rose significantly this week, and demand fell for the second week in a row. Freddie Mac's latest Primary Mortgage Market Study, […]
Mortgage applications drop 5.1 percent as rates rise despite Fed cuts
Mortgage applications fell earlier this month as interest rates rose following September's strong employment report. Recent data from the Mortgage Bankers Association's (MBA) Weekly Application Survey shows the number of applications for mortgage loans. decreased by 5.1% In the first week of October. Mike Fratantoni, Senior Vice President and Chief Economist, said, “Following strong economic […]
Mortgage rates rise slightly | Fox Business
Real estate agent Kirsten Jordan discusses the impact of Federal Reserve interest rate decisions on the industry and analyzes presidential candidates' housing proposals. Mortgage interest rates rose slightly, and long-term bonds hit a two-year low last week. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, found that the average benchmark interest rate 30 year […]
Low-price home affordability increases as mortgage rates ease: Report
Lower mortgage rates have made cheaper starter homes more available, a trend further fueled by recent increases in household incomes. According to real estate firm Redfin, homebuyers now need to earn $77,000 to buy a home at or below the 35th percentile for home prices, a 0.4% decrease in the required income level from last […]