The pace of inflation, one of the key drivers of mortgage rates, eased in August as reduced demand resulting from a resurgence of Covid-19 infections offset some of the supply-chain bottlenecks created by the pandemic.
Inflation expectations among Americans in August rose to the highest ever recorded in the Federal Reserve Bank of New York’s survey of consumers while their outlook for home-price growth moderated.
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
The amount of home equity homeowners could tap gained $1 trillion in the second quarter as record home-price increases made real estate more valuable.
Refinancing from a 30-year to a 15-year mortgage can yield major savings and help you build equity sooner. Is it the right strategy for your situation?
Nonfarm payrolls increased 235,000, the slowest pace since January, as a Delta-driven resurgence of the pandemic kept many consumers at home.
Fed Chairman Jerome Powell had one job to do on Friday with his annual speech at the Jackson Hole Economic Policy Symposium: Keep bond investors from freaking out. He succeeded.
U.S. home prices surged 18.6% in June from a year earlier, the biggest jump ever...
U.S. pending home sales dipped by 1.8% in July, the second consecutive month of declines, as a shortage of properties on the market hampered demand.
The Fed's cancellation of its annual Jackson Hole conference after a resurgence in U.S. Covid-19 infections may signal the days of rock-bottom mortgage rates aren't over yet.
A speech on Friday by Fed Chairman Jerome Powell had the potential of sending mortgage rates into gyrations. Instead, he soothed the markets.
Tighter lending standards mean some consumers are being turned down for mortgages for issues that can be remedied.
Sales of previously owned homes in April dropped to the lowest level since the start of the pandemic, the National Association of Realtors said.
If builders were able to double this year’s increased pace of new home production, it still would take five to six years to close the gap, according to a report from Realtor.com.
The number of days it took to close mortgages backed by the VA dropped to a 10-month low in July, led by a faster time frame for refinancings, according to a report from ICE Mortgage Technology.
Mortgage rates are rising as the investors who influence housing finance react to a Fed decision to taper bond purchases that supported the economy during the pandemic.
