Mortgage Rates Increase as Labor Markets Remain Tight
Mortgage rates increased last week after three weeks of declines. Payroll and unemployment data showed labor markets remain extremely tight. Manufacturing and services activity data were strong, but delivery delays suggested continued supply chain issues.
Housing Market Hot but Not a Bubble, Economists Say
Although home prices continue to break growth records, a panel of housing experts and economists surveyed by Zillow® does not believe the market is in a bubble. The latest Zillow Home Price Expectations survey polled more than 100 experts from academia, government and the private sector to gather their opinions on the state of the housing market and future growth, inflation forecasts and recession risks.
Mortgage Rates Continue Decline as Fed Attempt to Tame Inflation
Mortgage rates continued to decline last week. Expectations for how the Federal Reserve will attempt to tame inflation while avoiding a recession are being priced into mortgage rates today.
June is Pride Month, with a goal of raising awareness and increasing efforts to achieve equal opportunities for LGBTQ+ Americans. This month and every month, Zillow Research is committed to shining a light on housing market challenges and opportunities that disproportionately affect LGBTQ+ home buyers, sellers and renters.
Mortgage Rates Decline Second Week in a Row
Mortgage rates declined for the second week in a row.While strong retail sales figures drove rates higher early in the week, rates declined later on fears of recession. Large retailers reported disappointing earnings last week and markets reacted with declines in equity prices and “risk off” trades, driving rates lower.
Zillow Home Value and Sales Forecast: May 2022
Zillow’s housing market outlook has been revised down from April. Zillow forecasts 11.6% home value growth over the next 12 months (May 2022-April 2023). 5.73 million existing home sales are expected in 2022, according to Zillow’s latest forecast, a 6.4% decrease from 2021.
Mortgage Rates Decline Slightly But Hikes Expected
Mortgage rates declined slightly last week, but are still more than two percentage points higher than a year ago.
Mortgage Rates Rise As Markets Reverse Course
Mortgage rates increased last week, reaching heights we haven’t seen in more than a decade. While markets reacted positively to the Federal Open Market Committee action last week, markets reversed course in recent days to drive rates higher. Inflation, supply chain challenges and labor issues continue to weigh on the minds of market watchers, and may force the Federal Reserve to take more hawkish actions to tame inflation than what is currently being signaled
Mortgage Rates Fall Slightly, Economic Data In Line With Expectations
Mortgage rates fell slightly last week. Economic data releases last week were largely in line with expectations, with GDP declining slightly in the first quarter, price indicators showing continued inflation and jobless claims highlighting continued tightness in labor markets.
Mortgage Rates Rise in Reaction to Fed Comments
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
