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Home purchase demand holds up even with mortgage rates at 6.7%
Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as weekly pending sales and purchase loan demand are up slightly compared to this tim
Rates for 30-year conforming mortgages stayed above 6.7% this week, but housing market activity has been resilient as Purchase climate warms even as refis cool
Kyle Bass, production business manager at Refi.com — an affiliate of Veterans United Home Loans — said last week after Freddie Mac rates rose that consumers are showing extra sensitivity to small rate moves. This is having “an outsized impact on refinance activity,” he said, pointing to “I actually think it’s an LO market, a loan officer market, because it’s hot right now,” Ishbia said in a monthly video post. “Don’t get confused — it’s a purchase market right now.” “Monthly price growth in March was the slowest since 2019. That meeting will be Kevin Warsh’s first as Fed chair after he was recently Bose George, an analyst for Keefe, Bruyette & Woods (KBW), said in a note to investors last week that mortgage spreads are likely to remain beneficial for the near future. He wrote that Fannie Mae and Freddie Mac continue to Inflation is top of mind
At an economic conference in Iceland last week, Fed officials “With
Source Reference
Originally published by Neil Pierson
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