Rates Decrease Slightly on Signs of Weaker Economic News After a small upwards movement last week, mortgage rates are back down by four basis points given incoming data showing slower growth according to the Freddie Mac Primary Mortgage Market Survey released June 6th. Rates are just shy of seven percent, and Freddie Mac expects them …
Rates Rise Nominally, House Price Growth Slows After dropping for three consecutive weeks, Mortgage rates increased 9 basis points last week according to the Freddie Mac Primary Mortgage Market Survey released May 30th. More hawkish commentary about inflation and tepid demand for longer-dated Treasury auctions caused market yields to rise across the board. This reality, …
Rates Fall for Third Week, Fed is Still Concerned About Inflation Mortgage rates dropped for the third consecutive week, decreasing another 8 basis points last week and a total of 28 basis points over the past three weeks according to the Freddie Mac Primary Mortgage Market Survey released May 23rd. Spring homebuyers received an unexpected …
Rates Head Down for a Second Week, Inflation Eases Slightly Mortgage rates decreased for the second consecutive week, another seven basis points last week and a total of twenty basis points over the past two weeks, according to the Freddie Mac Primary Mortgage Market Survey released May 16th. Given the news that inflation eased slightly, …
Rates Tick Down on Weaker Than Expected Jobs Report After a five week climb, mortgage rates ticked down thirteen basis points from the prior week following a weaker than expected jobs report, according to the Freddie Mac Primary Mortgage Market Survey released May 9th. An environment where rates continue to hover above seven percent impacts …
Rates are Still Up, But Borrowers are Adapting. Mortgage rates increased another five basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released May 2nd. This is the fifth consecutive week of increases as we enter the heart of Spring Homebuying Season. On average, more than one-third of home …
Mortgage rates are on the rise, impacting homebuyer behavior despite steady purchase demand, while the US economy experiences slower growth than expected, influencing housing market dynamics and buyer decisions. Mortgage rates continue their upward movement, increasing another seven basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April …
Mortgage rates surpass 7%, with applications up 3.3%. Retail sales grow 0.7%, but home sales dip amid rising prices and fluctuating rates. Mortgage rates moved up for the fourth week in a row, increasing 22 basis points from the prior week according to the Freddie Mac Primary Mortgage Market Survey released April 18th. This marks …
This week’s financial update examines the continued rise in mortgage rates and robust job growth. We explore how sustained inflation and Federal Reserve policies are affecting the mortgage industry, with recent CPI data signaling a complicated path to lower inflation. Additionally, strong job market reports underscore economic resilience, influencing monetary policy.
Publisher: HomeLight
Article: Is It Too Low? What Is Reasonable to Offer Below Asking Price
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