Articles Tagged with ''Primary Mortgage Market Survey''

Redfin: Housing demand climbs 5.1% in September

Driven by growth in early-stage homebuying activity
Housing demand increased in September, climbing 5.1%, according to new data from Redfin’s monthly Housing Demand Index. According to the analysis, housing demand still remains double digits below last year’s levels.
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Wall Street worries lead to weakening housing stocks

Analysts reduce price targets as fears of rising interest rates grow
This week, fear of interest rate spikes contributed to a decrease in housing stocks after analysts lowered ratings and price targets for several companies in the housing industry, according to an article written by Jim Bounds for CNBC.
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Trulia: Home price cuts reach 4-year high

In August 17.2% of U.S. listings had a price cut, up from 16.7% the previous year
The latest data from Trulia reveals that U.S. listings with a price cut increased to the highest level since 2014. Trulia Housing Economist Felipe Chacon said buyers should be encouraged by the signals in the market, however not every buyer will benefit equally.
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Freddie Mac: Mortgage rates increase for third consecutive week

Consumer credit growth driving mortgage rates
Mortgage rates climbed for the third consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the one-two punch of strong job and consumer credit growth drove mortgage rates up to their highest mark since the second of August.
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Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight

Affordability threatens homebuyer demand
Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand.
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Freddie Mac: Mortgage rates are virtually stagnant

Sluggish construction activity deterring growth
Mortgage rates remained flat this week, likely due to a lack of construction activity, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said mortgage rates moved sideways, primarily because of the mixed bag of economic data released this week.
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Freddie Mac: Mortgage rates hit highest level since December 2016

Continue steady climb that began in January
Mortgage interest rates now sit at the highest level in more than a year, thanks to five straight weeks of increases. The latest data from Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate just hit its highest mark since December 2016.
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Freddie Mac: Mortgage rates exceed 4% for first time since July

Is this goodbye to interest rates in the 3% range?
Mortgage rates continued rising in the last week, eventually breaching 4% for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey. Interest rates are also the highest they’ve been since May 2017. Here are the full details.
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Freddie Mac: Borrowers opt for 30-year mortgages as short term rates increase

Spread between long and short term rates narrows
Long term mortgage interest rates increased this week, however despite the increase, the gap between long and short term interest rates continues to narrow. And Freddie Mac explained with a narrower spread between fixed and adjustable mortgage rates, more borrowers are opting for a fixed product.
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