Mortgage Rates Flat As Strong Economic Data Offset by Ukraine Uncertainty
Mortgage rates were fairly flat last week. There were no signs of changes in labor markets, as employment figures remain strong.
Market Trends
December Case-Shiller Results & Forecast: Reaccelerating
After cooling from record highs reached in the Fall, home price appreciation began to reaccelerate to end the year.
A 1-2 Punch: Why Monthly Mortgage Payments are Rising at their Fastest Pace in Decades
The monthly mortgage payment on the typical U.S. home rose 31% in the last year – the largest one-year climb in at least 22 years.
January Existing Home Sales: Defying Conventional Wisdom
Despite all conventional wisdom that might point to the opposite, extremely tight inventory conditions aren't holding back the housing market.
Dearth of Inventory, Price Hikes Pose Challenges for Shoppers (January 2022 Market Report)
Home value appreciation accelerated again in January, to a record 19.9% annual gain, while inventory plunged below 900,000 listings -- a record low.
Mortgage Rates Rise on Increasing Consumer Prices
Consumer price data showed prices increasing at the highest rate since early 1982 push mortgage rates up to over 4%.
Zillow January 2022-January 2023 Home Value & Sale Forecast
Zillow expects annual home value growth to continue to accelerate through the spring, peaking at 21.6% in May before gradually slowing.
Mortgage Rates Continue Rise, Up Half a Percent This Year
Mortgage rates continued to rise last week, and are up more than half a percent so far this year.
Mortgage Rates Increase as Fed Expected to Address Inflation
Rates spiked in the middle of last week after the Federal Reserve communicated a willingness to take aggressive measures to address inflation.
U.S. Housing Market has Doubled in Value since the Great Recession, Gaining $6.9 Trillion in 2021
The total value of private residential real estate in the U.S. grew by a record $6.9 trillion in 2021, to $43.4 trillion – more than double the level from a decade ago.
