Existing Home Sales
Reply
Mortgage Rates At Two Year High
A week after the only rate hike of 2016, the mortgage industry digested the Fed’s decision and this week’s survey reflects that response. Following Yellen’s speech last Wednesday, the 10-year Treasury yield rose approximately 10 basis points. The 30-year mortgage rate rose 14 basis points to 4.30 percent, reaching highs we have not seen since April 2014.
New Listings and Pending Sales
Inventory
Mortgage Rates Move Higher
The 30-year mortgage rate rose 3 basis points on the week to 4.16 percent. If rates continue their upward trend, expect mortgage activity to be significantly subdued in 2017.
New Listings and Pending Sales
Inventory
Mortgage Rates Hit New 2016 High
The 30-year mortgage rate rose another 5 basis points to 4.13 percent, starting the month 18 basis points higher than this time last year. As rates continue to climb and the year comes to a close, next week’s FOMC meeting will be the talk of the town with the markets 94 percent certain of a quarter-point-rate hike.
New Listings and Pending Sales
Inventory
