Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans.

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Mortgage New Listings Loan Officers Inventory 476

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

DECEMBER 11, 2023

When rates go down by a point, people sit on the sidelines because the consumers and the sellers want to know what the market is going to be when they sell the house. Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. in 2024, followed by 5.5%

Mortgage 450

Mortgage Buyers Inventory Technology 450