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.
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.
April Housing Starts: Slowly Boosting the Housing Stock
In the face of rising interest rates and continued supply chain disruptions, builders in April narrowly missed maintaining the strong pace of housing starts achieved in recent months.
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
Annual home price appreciation has accelerated to record highs in each of the past 12 months, since surpassing the mid-2000s housing bubble high water mark that run of records is likely to end soon, as the housing market passes through an inflection point. That doesn’t mean a housing crash is coming or even that prices will fall, but a rebalancing would be welcome news for buyers, especially those buying their first home.
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.
February 2022 Case-Shiller Results & Forecast: Prices Accelerate Again
With home values quickly appreciating, interest rates now at their highest levels in over 10 years, and record low for-sale inventory this spring, these are not the most favorable conditions for prospective buyers, to say the least.
Mortgage Rates Reach Highest Level in More Than Ten Years
Mortgage rates moved up last week, reaching their highest levels in more than ten years.
Zillow Home Value and Sales Forecast: April 2022
Zillow expects annual home value growth to begin a gradual cooldown late this spring. ZIllow forecasts 14.9% growth over the next 12 months.
