12 the-fed-projects-lower-rates-in-2024 2023 Related Topics 
Housing Wire
JANUARY 18, 2024
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6% The 30-year fixed-rate mortgage averaged 6.6% 12 compared to a week earlier.
Housing Wire
NOVEMBER 10, 2023
Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans. “I What’s going on with mortgage rates? They’ve also re-entered the home-buying process,” Mettle told HousingWire.
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Housing Wire
MARCH 22, 2023
The Federal Reserve (Fed) has decided to forge ahead in its fight against inflation, despite several bank closures that have caused turbulence in the financial markets. On Wednesday, the Federal Open Market Committee (FOMC) announced the decision to raise the federal funds rate by 25 basis points to 4.75%-5%, its ninth consecutive rate hike.
Housing Wire
MARCH 1, 2023
Issuance of agency mortgage-backed securities (MBS) is projected to contract significantly over the next two years in the face of a housing-market contraction, but the actual supply of MBS available for purchase in the private market is expected to swell to record levels over that period. to 4.75% range, up from 0.25% a year ago.
Housing Wire
NOVEMBER 3, 2022
One mortgage M&A expert believes that of the 130 or so IMBs that did $1 billion to $2 billion for production in 2021, 17% of them will not even be able to do $500 million over the 12 months ending June 30, 2023. The outlook is not good for large cohorts of the industry.”. “The trillion in 2021.
Housing Wire
DECEMBER 29, 2023
The Federal Reserve recently signaled plans to slash interest rates three times in 2024, shifting toward the next phase in its monetary policymaking. “It The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.
Will Springer Realtor
JANUARY 9, 2024
The Federal Reserve played the role of Santa Claus and delivered an unexpected present just before Christmas in the form of a forecast for lower interest rates in 2024. This should have sparked the fading embers of an otherwise chilly housing market in Seattle/King County in the final days of 2023. Ho, ho, ho … and oh my!
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