Ahead of Q4 earnings this week and next, analysts are narrowing in on the future — and pleased by lower rates and a healthier economy as it rebounds from the final months of 2023.
Category: mortgage rates
Tale of 2 housing markets will linger into 2024, Zonda economist warns
With listings still in short supply, homebuyers are “dealing with an affordability shock” and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY.
Falling mortgage rates should boost home sales: Fannie Mae
Fannie Mae economists no longer expect a recession and are considerably more optimistic that mortgage rates have additional room to come down below 6 percent.
Jump in key inflation gauge may delay mortgage rate relief
Futures markets still hold out hope for a March rate cut, even as annual inflation increased to 3.4 percent in December, moving away from the Fed’s 2 percent goal for the first time since September.
Falling mortgage rates haven’t sparked homebuyer stampede
Recent decline in rates is “some cause for optimism,” but requests for purchase loans are still down 12 percent from a year ago.
How well do you remember 2023’s biggest real estate stories?
Scandals, lawsuits, technology and more dominated the headlines in what turned out to be one of real estate’s most eventful years in recent memory.
Mortgage rates poised to drop as Fed projects 3 cuts
Federal Reserve policymakers anticipate three rate cuts by the end of next year, but many think the central bank may cut faster and harder.
Mortgage rates edge up on surprisingly strong jobs report
Employers added 199,000 workers to their payrolls in November, a sign that the economy may achieve a soft landing but making Fed spring rate cuts less likely.
Homebuyer sentiment tallies record low amid falling rates
Fannie Mae economist warns that, while mortgage rates have retreated, the primary drivers of housing pessimism are persistent affordability challenges and worries about household finances.
Economists agree rates have peaked. But will they come down?
Two closely watched forecasts agree that mortgage rates have probably peaked, but diverge sharply on how quickly they’ll come down over the next two years.