Category: Interest rates

Fed Raises Interest Rates by 75 Points

For the third time in a row, the Federal Reserve’s Federal Open Market Committee (FOMC) raised the nominal interest rate by 75-basis points at the conclusion of their scheduled two-day… Read more »

High Housing Costs Unlikely to Moderate

As national population growth sits at a record low, domestic migration was the key component of population change on state and local levels in 2021, according to demographic findings of… Read more »

Delinquencies, Starts Rose In June But Stayed Below Pre-pandemic Levels

Mortgage delinquencies and foreclosure starts increased in June but ultimately stayed below pre-pandemic levels, according to Black Knight’s First Look at June 2022 data. The national delinquency rate rose by… Read more »

A Move Away From Entry-Level Homes?

The Mortgage Banker’s Association or MBA recently released the results of a survey for the week ending on October 2, 2020. The volume of mortgage loan applications increased by 4.6%… Read more »

Homebuilder Confidence on the Rise

According to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI), builder confidence in the market for newly-built single-family homes rose an impressive seven points to 37…. Read more »

The Week Ahead: Will Housing Starts, Permits Rebound?

The U.S. Census Bureau will release its latest number surrounding housing starts, permits, and completions for April.  Numbers last month for March found housing data fell off the cliff.  Housing… Read more »

Mortgage rates return to 3-year low

The average U.S. fixed rate for a 30-year mortgage fell to 3.45% this week, matching the three-year low set three weeks ago. The rate declined as global money managers spooked… Read more »