Rates for conforming loans pushed through 7 percent last week and continue to rise, as latest inflation data dims prospects that Fed will ease in June.
Category: Markets & Economy
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NAR President Kevin Sears sells brokerage to Anthony Lamacchia
Lamacchia had been in talks with the Sears family for years as he continued his expansion path across New England. The deal was announced this week.
Hot inflation data sends mortgage rates to new 2024 highs
Bond market investors who fund most mortgage loans are increasingly convinced the latest inflation numbers mean the Federal Reserve won’t cut rates in June.
Consumer housing sentiment drops for first time since November
Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae’s Home Purchase Sentiment Index, but job and income concerns were also up in March.
10 reasons to embrace the shift to a seller-focused business
If agents want to beat out their local competition, writes trainer and leadership expert Jeff Glover, they need to start focusing on owning the listing inventory in their markets.
Would-be homebuyers balk as mortgage rates head back up
Purchase loan applications have been flat for two consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in.
Putrid garbage house stinks up LA neighborhood
The trash-strewn property is sandwiched between two large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area.
Pacaso is now offering shares in homes for as little as $130K
The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers.
Fed preparing to slow the pace of ‘quantitative tightening’
In addition to anticipating three rate cuts this year, Federal Reserve policymakers are considering whether to taper the pace at which they unwind the central bank’s $7 trillion balance sheet.