While the Fed may influence mortgage rates, it is ultimately lenders and investors who decide what rate to offer based on market conditions and other factors.
Tag: Interest Rates
Murali Tirupati of Vaultedge: Rising Interest Rates and their Effect on the Housing Market
While the Fed may influence mortgage rates, it is ultimately lenders and investors who decide what rate to offer based on market conditions and other factors.
Homebuyers on $2,500 Monthly Budget Lose $118,000 in Spending Power in 2022
Redfin, Seattle, said a homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled.
MBA Chart of the Week: Mortgage Applications, Rates Since 2020
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
MBA Chart of the Week: Mortgage Applications, Rates Since 2020
This week’s MBA Chart of the Week features Weekly Applications Survey data, re-indexed to January 2020, to highlight the most recent refinance and home purchase trends.
Black Knight: Rising Rates Push Refi Candidates Down to 7.1M
Black Knight, Jacksonville, Fla., said rapidly rising mortgage interest rates have shrunk the number of “high-quality” refinance candidate households to just 7.1 million, the lowest total since November 2019.
FOMC Pushes Up Rate Hike Schedule
The Federal Reserve isn’t planning on raising key interest rates any time soon, but the trigger finger appears to be getting itchier.
MBA Chart of the Week: 10-Year Treasuries and 30-Year Fixed Rates
This week’s chart shows the recent climb in rates, and the spread between the 30-year mortgage rate, as surveyed by Freddie Mac, and the 10-year Treasury yield. As the 10-year has risen, so has the 30-year fixed rate, which has gone up 24 basis points since the beginning of February.
Mortgage Applications Increase in MBA Weekly Survey
Rates dropped; mortgage applicants pounced; and that’s pretty much the story, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 29.
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell for the second straight week as the 30-year fixed rate crept up, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 22.