Mortgage rates again have moved lower, but given how the 10-year Treasury yield increased in the past eight days, prior to next week’s Fed meeting, this might be transitory. “Mortgage rates decreased for the second straight week as we emerged from the Thanksgiving holiday,” said Sam Khater, Freddie Mac’s chief economist in a press release. […]
Mortgage rates move lower in advance of FOMC meeting Read More »
Mortgage rates inched down this week, and they are likely to remain stable throughout the rest of the year. After three consecutive weeks of upticks, the 30-year fixed mortgage rate dropped 0.3 basis points to 6.23% from last week when it averaged 6.26%. The 30-year rate averaged 6.81% this week a year ago. The 15-year
Mortgage rates tick down for first time this month Read More »
Mortgage rates rose again this week after the federal government shutdown ended, giving investors access to economic data to guide their decisions. Industry pundits and prognosticators today largely believe that, at least through the rest of 2025, nothing in the data is likely to move mortgage rates much. Even though it was compiled before
Mortgage rates likely to remain stable for the rest of 2025 Read More »
Key insight: Unemployment ticked slightly up to 4.4% — from 4.3% in August — and revisions of prior reports show weaker employment gains over the summer. Supporting data: The economy added 119,000 jobs and 7.6 million unemployed, with major losses in transportation and government offset by gains in health care and social services. Forward look:
Unemployment persistent, jobs up in September Read More »
Homebuyers are watching the economy closely, and for good reason. Buying a home is one of the biggest purchases most people ever make. And some recession talk in the media has made a lot of would-be buyers second guess their plans. In the latest LendingTree survey, almost 2 in 3 Americans said they think a
Most Experts Are Not Worried About a Recession Read More »
The U.S. residential housing economy growth will have slowed by 1.1% this year, from 2% in 2024, a result of cost pressures derived from higher tariffs on builder supplies like lumber, labor issues and weaker consumer and homebuilder sentiment about the sector, Fitch Ratings said. Over the next two years, it expects restrained growth rates
Fitch flags cooling housing market through 2027 Read More »
Mortgage rates rose by 2 basis points this week, but did not impact home purchase activity during the period, Freddie Mac said. “Rates for the 30-year and the 15-year fixed-rate mortgage essentially remained flat this week, but we did see purchase activity increase, which is encouraging,” said Sam Khater, Freddie Mac’s chief economist. Right now,
Homebuyer activity climbs despite minor rate uptick Read More »
There’s been a lot of talk lately about how a government shutdown impacts the housing market. You might be wondering: Is it causing everything to grind to a halt? The short answer? No. The housing market doesn’t stop. It keeps moving. Homes are still being bought and sold, contracts are still being signed, and closings
What a Government Shutdown Really Means for the Housing Market Read More »
Key Insight: The October Federal Open Market Committee cut interest rates by 25 basis points as expected, but comments from Chair Jerome Powell caught market watchers off guard, casting doubt on the likelihood of another rate cut in December. Expert Quote: “There were strongly differing views about how to proceed in December. A further reduction
Fed’s rate cut trajectory unclear as dueling dissents emerge Read More »
Fannie Mae’s latest economic and housing outlook reflects more positive expectations. The government-sponsored entity notably lowered its mortgage rate expectations for the end of the year to 6.3% from 6.4% in its previous outlook, while its 2026 fourth quarter forecast remained the same at 5.9%. A quarter-over-quarter drop to 6.3% from 6.6% would mark the
Mortgage rates, home prices improve in Fannie Mae forecast Read More »