A Housing Bubble Requires 3 Elements. The 2022 Housing Market Has Hit 2
To better understand the ongoing housing cycle, let’s take a closer look at how it does—and doesn’t—look like a housing bubble. [ad_2] Source link...
Mortgage demand stalls again, even as interest rates swing briefly lower
After rising steadily for three weeks, mortgage rates dipped slightly last week, prompting a small increase in refinance activity. Activity from homebuyers, however, pulled back...
JP Morgan reportedly laying off hundreds in mortgage business
JP Morgan Chase is laying off hundreds of employees in its home-lending business and reassigning hundreds more this week, Bloomberg News reported Wednesday, citing people familiar with...
Mortgage demand is now roughly half of what it was a year ago, as interest rates move even higher
Total mortgage application volume was 52.7% lower last week than the same week one year ago, according to the Mortgage Bankers Association’s seasonally adjusted index....
Inflation and Fed sparking one way trip to market misery: Jim Bianco
Until inflation peaks and the Federal Reserve stops hiking rates, market forecaster Jim Bianco warns Wall Street is on a one way trip to misery....
Home listings suddenly spike as sellers worry they’ll miss out on red hot market
Sharply higher mortgage rates have caused a sudden pullback in home sales, and now sellers are rushing to get in before the red-hot market cools...
The Fed’s $2.7 trillion mortgage problem
Data: Federal Reserve; Chart: Axios Visuals If you took out a mortgage over the last couple of years, there’s a good chance the holder of...
Is it a good time to buy a home? No, most Americans say
It is not exactly surprising, given the stunning jumps in both home prices and mortgage rates, but Americans have never been more bearish on buying...
Decade-High Mortgage Rates Pose Threat to Spring Housing Market
U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace...
Mortgage forecast lowered as rates soar, refinancing falls
The nation’s mortgage bankers are scaling back their expectations for the year as rapidly rising rates make it even more expensive to buy a home....