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Dip in Rates Supports Home-Purchase Application Activity Uptick
2+ hour ago (213+ words) Indexes tracking home-purchase and refinance application activity both saw increases this week, supported by a 9-basis-point decrease in mortgage rates last week that followed easing of tensions in the Middle East." According to the latest Market Composite Index from the…...
Builder Sentiment Inches Further Into the Negative as Oil, Energy Prices Rise
3+ hour, 23+ min ago (354+ words) The engineer talks to the contractor to supervise and plan the work. The impact of ongoing geopolitical tensions with Iran and its effect on oil and energy prices continues to weigh on the housing market, as homebuilder sentiment took a…...
The Upsizing Question: How Does Rate Lock Impact Move-Up Transactions?
1+ day, 3+ hour ago (781+ words) Rise, growth, price, investment and real estate concept The rate lock-in effect has been a concern on the minds of many in real estate over recent years as mortgage rates have mostly stayed in the 6%-7% range. Homeowners with rates in…...
Home Price Growth Continue to Moderate, But Trends "Divided
6+ day, 2+ min ago (299+ words) A man tries in vain to get on the property ladder Home prices continue to moderate in a sign of better times ahead for the housing market, providing some relief to buyers seeking better affordability, according to the latest data....
Rates Ease Following Mideast Ceasefire
6+ day, 1+ hour ago (552+ words) Close-up Of Wooden Seesaw Showing Balance Between Percentage Symbol And House Model "In a holding pattern" is how economists are describing the spring market moving into April, with more policy stability and conflict resolution needed to move buyers and sellers…...
Remodeling Market Sentiment Remains Positive, Despite Slight Dip
6+ day, 2+ hour ago (240+ words) Latin American woman remodeling her house and talking to the architect while discussing some ideas Despite an overall feeling of negativity across the housing construction industry, with builder sentiment still in negative territory as of late, the remodeling market persists…...
Frozen Out: Refinancers Retreat as Rates Rise
1+ week, 2+ hour ago (335+ words) Home loan interest rates and real estate investment. Model house and percentage signs. Data tracking home purchase and refinance applications showed decreases in both indexes again this week in the wake of ongoing economic uncertainty and steadily rising mortgage rates....
While Jobs Rebound in March, Real Estate Economists Advise Caution
1+ week, 2+ day ago (329+ words) The jobs stability is good news for the Fed, likely meaning that they will hold interest rates in place for now. Bright MLS Chief Economist Lisa Sturtevant commented that while average wages are growing faster than inflation, it is still…...
Mortgage Rates Continue to Climb in "Complicated Intersection" of Geopolitics and Economic Policy
1+ week, 6+ day ago (291+ words) Visually striking composite image focusing on the rising cost of homeownership. Features luminous white home outlines with upward arrows and percentage signs over a blurred backdrop of a financial professional working. Perfect for representing housing market inflation, interest rate hikes,…...
Rising Rates Result in Mortgage Application Reversal
2+ week, 1+ hour ago (439+ words) Home loan interest rates and real estate investment. Model house and percentage signs. With mortgage rates climbing to their highest point since August recently, the role of steadily increasing home purchase application and refinance activity has reversed, with both indexes…...