What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Conquering the Mortgage Lender’s Dilemmas

This webinar provides a roadmap for creating a sophisticated, digital-first cost improvement strategy to maximize profits by reducing high processing environments.

HW's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

We need higher mortgage rates to cool the housing market

2020-2024 will have the best housing market demographics and the lowest mortgage rates ever recorded, which could accelerate real home prices too quickly.

Mortgage

Freddie Mac: Mortgage rates increase again before FOMC meeting

Continue to hit new highs for 2016

Mortgage rates increased yet again, marking the fifth consecutive week of increases and hitting yet another new high for 2016.

“As rates continue to climb and the year comes to a close, next week’s FOMC meeting will be the talk of the town with the markets 94% certain of a quarter-point- rate hike,” Freddie Mac Chief Economist Sean Becketti said.

Click to Enlarge

12-8-16

(Source: Freddie Mac)

The 30-year fixed-rate mortgage increased to 4.13% for the week ending Dec. 8, 2016. This is up from last week’s 4.08% and from last year’s 3.95%.

The 15-year FRM also showed an increase this week to 3.36%, up from 3.34% last week and 3.19% last year.

The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to 3.17%, up slightly from last week’s 3.15%. It is also up from last year’s 3.03%.

“The 10-year Treasury yield dipped this week following the release of the Job Openings and Labor Turnover Survey,” Becketti said. “The 30-year mortgage rate rose another five basis points to 4.13%, starting the month 18 basis points higher than this time last year.”

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