If it gets more expensive to borrow, will people drop out of the housing market? Not likely. Rising mortgage rates — or the fear of them — barely registered in a recent Redfin survey of homebuyers. Fewer than 5 percent listed rising mortgage rates as their top concern, ranking it well below affordability.
What if Mortgage Rates Hit 5 Percent? Homebuyers Say They’ll Cope Read More »
The most important Fed meeting of all time is just a week away. As we await the central bank’s verdict on whether to raise interest rates, here’s what’s happening with mortgages: Nothing. For the seventh week, the average cost of a 30-year loan is below 4 percent.
Mortgage Rate Watch: Don't Fear the Fed Read More »
Call it a jobs Rorschach Test. The unemployment rate hit a seven-year low and the economy is adding work at a pretty decent clip. Great! But we got fewer jobs than economists expected and more adults are dropping out of the workforce.
Today's Jobs Report: The Good and Bad In One Easy Chart Read More »
It’s Super Bowl preseason — the Fed Super Bowl — and players from the Hawks and Doves are running their drills. Rate Watch is counting down to Sept. 17, when we’ll get the final score on whether the central bank will raise interest rates. Meanwhile, the cost of a 30-year, fixed-rate home loan ticked up last week to 3.89 percent.
Mortgage Rate Watch: Hawks, Doves and Bette Davis Read More »
Whee! August has never been so thrilling. This week, we’ll ride the financial roller-coaster into Friday, when we get the most important jobs report of all time. Fortunately, the sun is shining somewhere, Google says. In Florida, this mansion ain’t big enough for the both of us! Serena and Venus are getting their own crash pads.
The Fed Speaks and the Housing Market Braces for Friday's Jobs Report Read More »
Mortgage rates are holding near historic lows going into the Super Bowl of Fed meetings. Despite the week’s market turmoil, the U.S. economy is steady, home prices are rising and houses are selling.
Mortgage Rate Watch: No Bad News Here Read More »
