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DataDigest: Construction costs easing for homebuilders

Housing Wire

However, as mortgage rates hit multi-decade highs , cooling demand and shrinking the pool of qualified buyers for new homes, homebuilders slowed their pace of construction, which settled at a plateau that is still well above pre-pandemic levels. ” However, Basu notes supply chains are already facing new pressures in 2024.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

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Mortgage rates climb to 3.09%

Housing Wire

The average 30-year-fixed rate mortgage climbed to 3.09% during the week ending Oct. 21, rising from 3.05% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.80%. The MBA has forecast purchase mortgage volume to hit a record $1.73

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JPMorgan Chase reports jump in mortgage profits in Q3

Housing Wire

billion worth of mortgages from July to September, up 5% from the previous quarter and up 43% year-over-year, the bank announced on Wednesday. Jeremy Barnum, chief financial officer at Chase, said during the company’s third quarter earnings call that the increase reflects “record purchase volume and share gains in the refi market.”.

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Opinion: What the ICE-Black Knight merger means

Housing Wire

The capital, capability and content are present to make all real estate markets smarter, faster, safer and connected. Many industries began to deploy electronic supply chains in the 1980’s. The power of innovation ICE’s network, data and trading system architecture can power innovation to transform fixed income capital markets.

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June Newsletter-Easing Off the Pedal

DW Slater Company

They had simulators that you sat in and gave you all kinds of tests to develop your defensive driving skills. Well, the market in North Texas is still very hot. Not braking just easing off the pedal as there are some current issues that are impacting the markets. What’s Been Driving Our Markets? Days on Market.

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Federal Reserve approves interest rate hike of half a percentage point

Housing Wire

“It is essential that we bring inflation down if we are to have a sustained period of strong labor market conditions that benefit all,” Powell said. “The current picture is plain to see: The labor market is extremely tight and inflation is much too high.