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The 30-year average rate got closer to 7% as central bank officials dashed near-term hopes of a cut, according to Freddie Mac.
February 22 -
For the first time since mid-December, the Freddie Mac survey reports mortgage rates over 6.7%.
February 15 -
January volume increased 36% compared to the month before and the annual decline in activity was the lowest in almost two years, Optimal Blue said.
February 12 -
In the derivatives markets, they've started pricing in that the Fed will carry out just four — or five at the most — quarter-point rate cuts in 2024, only slightly more than the three penciled in by policymakers.
February 12 -
While the Freddie Mac survey reported just a 1 basis point increase from last week, Zillow's tracker found a 30 basis point rise in the 30-year fixed, more reflective of what happened in the bond market.
February 8 -
Views on mortgage rates and job security outweigh the pessimism about affordability and the economy, Fannie Mae found.
February 7 -
This legislation, which would be the first of its kind if passed, would apply to sellers who finance the rate buydowns made through the end of 2025.
February 5 -
As a result, a robust housing market is now on the horizon, Freddie Mac chief economist Sam Khater declared.
February 1 -
A key Senator had urged Fed Chairman Jerome Powell to lower rates early this year, but although there's more consensus on making such a move, it now looks unlikely to happen until after the next meeting.
January 31 -
A potential buyer with a budget of $3,000 per month for their payments is now able to afford an approximately $453,000 home.
January 29