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Rates won't fall far enough to drive meaningful mortgage volume gains this year, according to a Fitch Ratings analyst.
March 20 -
Fannie Mae's latest forecast now predicts rates to be half a percentage point higher, and volume to be $1.5 trillion lower than previously expected in 2024.
March 19 -
The average 30-year fixed mortgage rate for conforming loans fell, according to Freddie Mac, even as the 10-year Treasury yield rose nearly 18 basis points from the start of this week.
March 14 -
February was the second consecutive month where lenders eased underwriting, although overall availability remains near record low levels, the Mortgage Bankers Association.
March 7 -
The latest inflation news has created concern that the Federal Reserve's pivot on short-term rates could be delayed.
February 29 -
While mortgage volume should rise this year, the government-sponsored enterprise expects slightly less activity than it did back in January.
February 26 -
The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
February 22 -
For the first time since mid-December, the Freddie Mac survey reports mortgage rates over 6.7%.
February 15 -
January volume increased 36% compared to the month before and the annual decline in activity was the lowest in almost two years, Optimal Blue said.
February 12 -
While the Freddie Mac survey reported just a 1 basis point increase from last week, Zillow's tracker found a 30 basis point rise in the 30-year fixed, more reflective of what happened in the bond market.
February 8