Remain
NAR’s Lawrence Yun Predicts US Home Prices Won’t Experience Major Decline, Could Possibly Rise Slightly in 2023 if Mortgage Rates Remain at 7%
Yun Predicts US Home Prices Won’t See Major Decline Inflation, elevated mortgage rates, and limited housing inventory will prevent large home price drops for most of the U.S. in 2023. Media Contact: Troy Green 202-383-1042 Residential Real Estate
America’s Racial Homeownership Gaps Remain Focus of the Present and Future
NAR CEO Bob Goldberg looks at the history of division in our nation and examines what the future of healing looks like, particularly regarding racial homeownership gaps that persist today. www.nar.realtor – Fair Housing
Rates Move Swiftly Lower Due to New Covid Variant; Delinquencies Remain Elevated
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.529 (designated now as “Omicron”), a new covid variant hit the market like a ton of bricks on Friday morning. 48 hours earlier, Google had never heard of […]
Rates Remain Resilient After Inflation Scare
The 70’s and 80’s brought unforgettable economic lessons about inflation. Since then, certain market participants have been watching inflation like hawks , even when they didn’t need to. After the start of the pandemic, the massive amount of fiscal stimulus (covid relief bill) and monetary accommodation from the Fed (bond buying and rate cuts) had […]
Mortgage Profits Decline but Remain Close to Record Levels
Mortgage originators’ profits remained strong in the fourth quarter of 2020, although they were down considerably from the previous period. The Mortgage Bankers Association’s (MBA’s) Mortgage Bankers Performance Report says that independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $ 3,738 on each loan they originated during the […]
Mortgage Rates Remain Near Recent Lows
Posted To: Mortgage Rate Watch Mortgage rates were little-changed today, with the average lender only microscopically better than yesterday. That means few loan seekers will notice any difference from yesterday. That leaves us in line with the low rate levels seen immediately following the election earlier this month, and that’s as low as rates have […]
Rates Remain Steady as Market Volatility Dies Down
After rising at a medium-quick pace to begin the week, the past 3 days have been much calmer by comparison for mortgage rates . Today was the best example of that stability with the average lender effectively unchanged from yesterday’s latest levels. In addition, there were fewer mid-day price changes among lenders than on any […]