Source: Housing Wire — Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experienced over the past year, according to the recently released Federal...
Source: NAHB — NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that the four-quarter moving average (MA) share of new home sales financed through FHA was 11.0% in Q2 2022–its smallest share...
Source: Mortgage News Daily — The Federal Reserve concluded one of its 8 regularly scheduled meetings in 2022 today. As expected, they announced a rate hike of 0.75%. But if you still think that means mortgage rates moved higher, think again. In fact, if...
Source: Bankrate — In the mortgage application process, mortgage lenders assess their risk and collect proof that the borrower can and will repay the loan in a timely manner. This proof includes everything from your credit and how much money you earn to your...
Source: Fox Business — What this means: Mortgage refinance rates fell significantly today, with 30-year rates hitting their lowest levels in 34 days. Rates for 20-, 15- and 10-year refinances are also at their lowest levels since the beginning of the month....
Source: Mortgage News Daily — Some quick housekeeping before we dig into the headline: mortgage rates are slightly higher so far this week. The increases were in place on Monday. Tuesday started stronger, but most lenders pulled back to Monday’s levels...
Hits and Misses for the Real Estate Week of April 6-10
