Mortgage rates made little movement this week amidst the backdrop of a Federal Reserve meeting and a sluggish housing market.
The market sputtered amid high mortgage rates, high prices, and homeowners with lower rates who have no plans to move.
In mid-2023, there was a housing shortage of 4 million homes in the U.S., according to the National Association of Realtors (NAR ... announcement from the federal reserve the other day, they ...
"The market is just responding to the tone of the Fed's message," said Jessica Lautz, deputy chief economist at the National Association of Realtors. The Federal Reserve on Wednesday cut interest ...
NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
The Federal Reserve decided to delay additional rate cuts for now and keep interest rates unchanged at its first meeting of ...
The National Association of Realtors (NAR) said on Thursday its Pending Home Sales Index, based on signed contracts, fell 5.5% last month to 74.2 from a downwardly revised 78.5 in November. Pending ...
The housing market is on the brink of a dramatic turnaround after back-to-back down years, according to the National Association ... firm projects that the Federal Reserve will cut interest ...
Mortgage rates have been rising on expectations that the Federal ... Reserve will keep interest rates higher this year to fight inflation, per Lawrence Yun, chief economist at the National ...