Remove 12 looking-back-on-a-year-of-mortgage-rate-madness
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Number of price cuts drops as housing inventory rises

Housing Wire

Last week, housing inventory grew and the number of price cuts fell, which is expected at this time of the year. Last year at this time, inventory rose week to week and I was hopeful for a typical spring inventory year, but the seasonal bottom didn’t actually happen until April 14. This is not what we’re seeing now.

Inventory 525
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Mortgage rates collapse on softer inflation data

Housing Wire

Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the peak of inflation and close to the end of the Fed rate hike cycle?

Mortgage 534
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Is inflation or recession driving mortgage rates now?

Housing Wire

However, with the current banking stress news and the emergency action taken by the Fed to secure the banking sector, the question now is what will drive mortgage rates : inflation data, recessionary data, or something else we don’t even see coming? Over the last 12 months, the all items index increased 6.0

Mortgage 368
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Housing Market Tracker: Higher rates crush purchase apps 

Housing Wire

The housing market madness persisted last week as inventory fell and higher mortgage rates took a bigger bite out of purchase application data. Weekly housing inventory decreased by 6,801, while new listing data is still negative year-over-year. How does the sharp increase in rates directly impact those homebuyers?

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Anthony Lamacchia’s 2023 Predictions

Lamacchia Realty

2023 will be 1982 all over again. What a difference a year makes. Although interest rates could change things late in the year.”. It’s a good thing that I included that last sentence about interest rates because sure enough, they changed things. These three things are all but certain to happen in 2022.

Sellers 78
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Cooler inflation data sends mortgage rates lower

Housing Wire

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected , and the bond market loved it, driving mortgage rates lower. Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. Where do we go from here? of this index is shelter inflation. Also, the U.S.

Mortgage 536
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NAR: Appraisal License Equivalency Credit for RE Agents?

Appraisal Today

Over the years, I observed that successful real estate agents seldom switched to the much less profitable appraisal side. At that time, no sales experience was required for a broker’s license, only a 4-year degree. Excerpts: The AQB previously considered the option of allowing parallel professional non-appraisal experience.