Impact of Fed’s interest rate policy on housing market. they’ll grapple with balancing rising home prices and mortgage rates against their budgets.. but sales slow roughly 2 percent as.
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Just like that another year has passed, well almost, so it’s time once again to look forward to what the next 365 days might bring. Will 2019 be a winner for mortgage rates, or will home buyers and refinancers face more agony like they did in 2018?. As always, I compile predictions and data from the leading mortgage and real estate industry groups to come up with the annual forecast.
Sales of new U.S. single-family homes sank more than expected in July, a sign that the housing market continued in low gear despite lower mortgage rates and a strong labor market. The Commerce Department said on Friday new home sales dropped 12.8% to a seasonally adjusted annual rate of 635,000 units
The pace of new-home sales. data showed today in washington. june purchases were revised up to a 422,000 rate after a May gain that was also bigger than previously estimated. Housing has advanced.
Historic low mortgage interest rates are upon us once again and we should expect another strong surge in home sales as a result. Here is an article from "Realtor.com" that describes the current mortgage loan market. Mortgage rates dropped to their lowest level since October 2016 due to weaker economic data over the past week.
Freddie Mac released its weekly update on national mortgage rates. that this trend "may slow some of the refinance momentum." Even so, "rates are nonetheless low and home-buyer affordability high,
In June (the most recent data available), 30-year VA mortgage rates averaged just 4.20% while conventional loans averaged 4.41%, representing a big discount if you’re a veteran.
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Concerns about slowing growth. U.S. interest rate futures pared gains after the release of Powell’s remarks before rising again. The dollar was largely flat against a basket of currencies. The.