Jobs week data is keeping mortgage rates above 7%
Today’s jobs report beat expectations, which means mortgage rates will stay elevated.
Mortgage Rates
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Has spring housing demand already started?
I believe that spring demand actually started in November this year. — a trend that’s been evident in rising sales data.
Mortgage demand drops 22% during holidays as rates move higher
Rising mortgage rates suppressed applications in the MBA’s final mortgage applications survey index of 2024, released on Thursday. Unsurprisingly, application volume dropped significantly even with a seasonal adjustment to account for the holidays.
Housing inventory is up, but so are unsold listings. Are renters to blame?
Rising housing inventory levels in 2024 may not be the positive sign of market health that they appear to be, according to Redfin data.
The biggest mortgage rate stories of 2024
2024 was a disappointing year for those looking forward to a Fed rate cut cycle and what that could do to mortgage rates. Here’s a recap!
Pending home sales rise again as buyers capitalize on more inventory
The National Association of Realtors reported that pending home sales jumped 2.2% month over month and 6.9% year over year in November.
Rising inventory is the most positive housing market story in 2024
The most positive development in the housing market over 2024 has been the increase in active housing inventory,
Housing market data positive despite Powell’s Grinch act
Fed Chairman Jerome Powell played the Grinch last week, but there are plenty of positive signals in the housing market data headed into 2025.
All those 2025 mortgage rates forecasts are now wrong
It’s late December so all the 2025 mortgage rate forecasts have been published. Unfortunately, all of them are already wrong.
Powell’s remarks shoot mortgage rates higher
Remarks by Federal Reserve Chairman Powell during the Q&A presser sent the 10-year yield and mortgage rates higher.