Mortgage Rates Move Up on Strong Economic Data
Mortgage rates reversed their recent trend, moving up last week. Economic data releases last week were stronger than expected for both job growth and demand for services.
Mortgage Rates Drop as Investors Eye Potential Recession
Mortgage rates declined for the second week in a row. Investors are pricing in more risk of economic slowdown and a potential recession, which may slow the pace of future interest rate hikes at the Federal Reserve.
April 2022 Case-Shiller Results & Forecast: Putting on the Brakes
Earlier this spring, with inventory just beginning to sprout up from its historic low, demand for homes began to slip amid rising prices and mortgage rates, slightly edging April home price growth down from the previous record to 20.4%.
LGBTQ+ Renters Face More Challenges, Including Higher Up-Front Costs
LGBTQ+ renters comprise about one in eight of all renters and one in five of those that moved recently, according to new analyses of the 2022 Consumer Housing Trends Report (CHTR). These LGBTQ+ renters face disproportionate hurdles to finding housing, like higher costs in areas that protect them from housing discrimination and a higher frequency and likelihood of paying upfront costs like application fees and security deposits.
Mortgage Rates Drop Back Below 6.00%
Mortgage rates declined last week, dropping back below 6.00. Both equity and fixed income markets were up during the week, with light economic data releases.
Impacts of Rising Mortgage Rates: A Conversation With Senior Economist Matthew Speakman
Matthew Speakman is a senior economist at Zillow. He shared his thoughts about what is driving the recent spike in mortgage rates, how that will impact the broader housing market, and where the market will go from here.
May New Home Sales: Buyers Resilience Bumps Up New Sales
Newly constructed home sales ticked up from revised April numbers in May, beating the consensus.
Mortgage Rates Continue Past 6.00%
On the heels of a much higher than expected increase in consumer prices the week prior, The Federal Reserve took strong action and increased their target for the Fed Funds Rate by 0.75%.
May Existing Home Sales: Affordability Pumps the Brakes on Home Sales
A sharp pullback in sales is the latest evidence that waning home affordability is forcing the housing market to pump the brakes.
Housing Affordability Hits 15-Year Low as Prices, Mortgage Rates Rise (May 2022 Market Report)
Mortgage payments are higher than rent in 45 of the 50 largest U.S. metros, up from 22 in 2019.
