‘Home shoppers should be prepared for a bit less calm’: Mortgage rates could turn volatile in the coming weeks

By | February 3, 2022

Home buyers, so far, are undeterred. “Housing data has indicated that rising mortgage rates are creating a sense of urgency, rather than deterring potential homebuyers, and prices continue to rise while the few homes available for sale are snapped up quickly,” Hale said. “These conditions can be especially challenging for first-time homebuyers already grappling with rising rents that… Read More »

These 2 numbers sum up why the housing market won’t get back to normal for a long time

By | February 3, 2022

The combination of rising home prices, low mortgage rates that are locked in by current homeowners and low supply makes it unappealing to sell your house and look for another one right now. It sure doesn’t seem like housing prices are going to stop rising any time soon and rents are also on the rise, so it makes… Read More »

U.S. Treasury yield curve to flatten, possibly invert this year – Standard Chartered

By | January 31, 2022

The U.S. Treasury yield curve is expected to be completely flat by mid year as the U.S. Federal Reserve hikes interest rates but growth is called into question, and potentially invert by year-end, strategists at Standard Chartered bank wrote in a research note. A hawkish stance by the Fed has pushed up short-term rates, flattening the closely followed… Read More »

U.S. New-Home Sales Rose to Nine-Month High in December

By | January 26, 2022

Purchases rose 11.9% to an 811,000 annualized pace from a revised 725,000 a month earlier, government data showed Wednesday. The median estimate in a Bloomberg survey of economists called for a 760,000 rate. An increase in the number of completed homes over the last two months and prospects of higher interest rates this year as the Federal Reserve… Read More »

FOMC preview: Fed not expected to raise interest rates this week

By | January 25, 2022

“It really is time for us to begin to move away from those emergency pandemic settings to a more normal level,” Fed Chairman Jerome Powell told Congress two weeks ago, adding that “2022 will be the year in which we take steps toward normalization.” Moving away from those settings would involve raising the federal funds rate, the benchmark… Read More »

US home price growth moderates for fourth straight month

By | January 25, 2022

“For the past several months, home prices have been rising at a very high, but decelerating, rate. That trend continued in November 2021,” said Craig J. Lazzara, managing director and global head of index investment strategy at S&P DJI, in a statement. “Despite this deceleration, it’s important to remember that November’s 18.8% gain was the sixth-highest reading in… Read More »

Inflation keeping house prices high, even with rising mortgage rates

By | January 22, 2022

“It’ll [inflation] keep them positive. I don’t expect to see 18% in price appreciation. That’s a function of all the stimulus that was in the economy and the urge to move away from the virus,” Doug Duncan, chief economist at Fannie Mae told Yahoo Finance. “But we do expect house prices to be positive.” Some homebuyers have been… Read More »