Items Tagged with 'mortgage rates'

ARTICLES

  • Freddie Mac: Housing market will regain momentum this spring

    Rising sales demand and more inventory will spark action
    Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac's March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.
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  • First American: Dwindling inventory threatens potential home sales growth

    Market potential for existing-home sales retreats by 2.9%, totaling a loss of 153,000 sales
    Although potential existing-home sales rose marginally in February, a lack of inventory now threatens future growth, according to First American's Potential Home Sales Model. First American Chief Economist Mark Fleming said the housing market continues to underperform its potential, but shows signs of promise leading into the spring home-buying season.
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  • Freddie Mac: Mortgage rates cool as spring's housing market heats up

    The 30-year fixed-rate mortgage averaged 4.28% this week
    Mortgage rates have fallen just as spring home buying season begins to heat up, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie's Chief Economist Sam Khater said the combination of improving affordability and more inventory than the last few spring selling seasons should lead to improved home sales demand.
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  • Fannie Mae: Home sales will stabilize in 2019

    But affordability remains key challenge
    Home sales will stabilize this year, with a solid labor market and strong household formations driving demand, Fannie Mae's Economic and Strategic Research Group stated in its March outlook. But while slowing home price appreciation and lower mortgage rates have improved affordability, it will continue to be a challenge in 2019.
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  • Hey Californians, your housing market is likely to cool off come 2020

    UCLA Anderson Forecast points to slowdown in housing starts
    It's no secret that California's economy is large – so large that its $2.7 trillion financial system ranks fifth in the world, championing the United States' national economy. But as the U.S. continues to grapple with an oncoming economic slowdown, the UCLA Anderson Forecast is showing several economic factors that might weaken California's booming housing market within the next year.
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  • Freddie Mac: Mortgage rates decline amid economic uncertainty

    The 30-year fixed-rate mortgage averaged 4.31% this week
    Mortgage interest rates reversed course this week, falling across the board, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said mortgage rates declined decisively this week amid various market reports, a strong bond auction and further uncertainty around the Brexit deal, which all contributed to driving bond yields lower.
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  • LendingTree: Fewer homebuyers received mortgage rates under 5% last week

    84.7% of new borrowers received mortgages under 5%
    LendingTree's latest Mortgage Rate Competition Index revealed that the number of borrowers with interest rates under 5% reversed course, inching backward for the week ending Mar. 12, 2019. Last week, by shopping for the best mortgage rates, homebuyers could have seen median lifetime savings of $36,370 in interest on a $300,000 loan.
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