Items Tagged with 'interest rates rise'

ARTICLES

  • Are we headed for a housing slowdown this summer?

    Will mortgage rates at recent record levels drive down home buying?
    Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
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  • How to lower your mortgage rate in 2017

    Tricks for the rising interest rate environment
    Mortgage rates are on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac. And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the second time in 10 years, odds are that interest rates aren’t going to go back down anytime soon. So what are prospective buyers supposed to do in the face of a rising rate environment?
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  • Freddie Mac: Mortgage rates climb for ninth straight week

    But 2016's annual average is still lowest on record
    Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election. But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.
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  • Rising interest rates already slowing home sales

    Pending home sales fall to lowest level since January
    Recent reports showed the impact of the post-election rise in mortgage interest rates on borrowers looking to refinance, with higher interest rates shrinking the pool of borrowers who have incentive to refinance. Now, the housing industry is getting its first look at how higher interest rates may also affect the purchase market, as a new report from the National Association of Realtors shows that pending home sales slowed in November to the lowest level since January.
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  • Refinance well drying up? Rising interest rates shrink pool of eligible borrowers, again

    New Black Knight report shows impact of another week of higher rates
    A recent report from Black Knight Financial Services showed that the pool of borrowers who had incentive to refinance shrank over the last several weeks as mortgage interest rates rose above 4%. Now, thanks to another increase in interest rates last week, the pool of borrowers with incentive to refinance is now even smaller.
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  • Here's the real impact of the post-Trump interest rate spike

    Far fewer borrowers with incentive to refinance; homes are less affordable
    While still low by historic standards, interest rates are roughly 50-basis points higher now than they were before Donald Trump won the election, and a new report from Black Knight Financial Services shows the real impact of that increase on borrowers and potential borrowers. The bottom line, according to Black Knight’s report, is that housing is less affordable right now than it was before the election.
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  • Zillow: Mortgage interest rates skyrocket after Trump victory

    Rate jump is highest since July 2013
    Financial markets are still processing the effects that President-elect Donald Trump will have when he officially takes office in January. In the aftermath of Trump’s victory last Tuesday, the stock market rose sharply, reaching record highs late last week. But the stock market isn’t the only thing that’s on the rise since Trump won; mortgage interest rates are skyrocketing as well.
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  • Fed continues to send signals on looming interest rate hike

    So, what does it mean for the mortgage market?
    It appears that the Federal Reserve is continuing its tact of jumping through as many hoops as possible to prepare the market for the potential of another rate hike. So, what happens to the mortgage market whenever the Fed actually does raise rates? Here are a few insights.
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