“I don’t expect to see a meaningful increase in the supply of existing homes for sale until mortgage rates are back down in the low 5% range, so probably not in 2024,” says Rick Sharga, founder and CEO of CJ Patrick Company, a market intelligence and business advisory firm...
These trade tensions have led to a decrease in bond yields, which mortgage rates typically follow. Remember, if we have bad news, rates are usually better! For the week ahead, I see the rates continuing to fall, ever so slightly.
Branch Manager,MortgageOne, Yuma, AZ Look for rates to balance out near these levels. With the fast pace of movement in the stock/equities market, look for investors to focus on maximizing and shifting positions within those markets. That will leave the bond market relatively quiet until the ...
Mortgage rate strategies for March 2025 Mortgage rates displayed their famous volatility throughout 2024. Fed cuts inSeptember,November, andDecember, with the potential for more, provide optimism for descending rates. However, ongoing inflation battles keep them in check. ...
existing home sales are predicted to slowly increase through 2029. Sales of new homes, which continued to rise in 2024 due to builders’ ability to buy down mortgage rates to boost affordability, will expand on those gains throughout 2029 but continue to be limited by competition...
“While elevated mortgage rates in 2023 may be a deterrent, property location and the attractiveness of the surrounding community will determine property value — not the costs of financing. Remember that a solid property can be refinanced later when rates likely come down in 2024 and beyond,”...
Sat, October 26th 2024 at 3:09 PM UpdatedWed, January 15th 2025 at 3:00 PM Key takeaways Would-be homebuyers continue to be discouraged by elevated mortgage rates and ever-rising home prices In addition, while housing inventory has grown, it’s still below what’s needed for a balanced ...
In recent weeks a lot of mortgage lenders have begun pulling their fixed-rate mortgage deals and raising the rates on their best deals as they grow concerned about the outlook for inflation and the government's spending plans.At the time of writing, the average 2 year fixed mort...
Yesterday we got the latest data on inflation. While headline inflation did move higher, core inflation was in line with expectations. Core CPI is now running at an annualized rate of 4.3% for August, which is down from 4.7% in July. Very good news for mortgage rates. ...
The housing market in 2025 might have a more favorable outlook than much of 2024 had, especially if mortgage rates and inventory levels improve. There’s still uncertainty in the air, though: Rising prices and slowing construction could cause some trouble for buyers in 2025, and the impact of...