Home Buyer News

Interest rates slowing home sales, mortgage data show

Home sales will continue their year-over-year decrease throughout 2019, slowing the flow of agent fees. Rapidly rising prices and interest rates in 2018, along with uncertainty brought on by shifting economic policies, have discouraged potential homebuyers and derailed sales.

Cuts in the federal funds rate help trigger lower mortgage rates for home buyers.. to the value and potential sale price of the home. For example, homeowners financing a $100,000 mortgage at 8.

Mortgage News Daily provides the most extensive and accurate coverage of the mortgage interest rate markets. All. Mortgage Rate Data:. Existing home sales returned to an upward track in July.

Rising mortgage interest rates will begin to impact the market by mid-2016, though housing affordability in most places is unlikely to suffer until 2018 or later. For more than 30 years, consistently falling mortgage interest rates have helped spur more home sales.

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 · While the trade war lasts, 10-year Treasury note rates are likely to remain 2% or a bit lower. Mortgage rates will stay around the current 3.6% for 30-year fixed, 3.1% for 15-year.

“Although weaker March existing home sales followed muted february pending home sales, March new home sales data continues to show strength,” said. some experts are predicting the rise in mortgage.

United States Existing Home Sales 1968-2018 | Data | Chart | Calendar. Sales of previously owned houses in the US declined 0.7 percent month-over-month to a seasonally adjusted annual rate of 5.34 million in July of 2018. It compares with market expectations of a 0.6 percent rise to 5.4 million.

The interest rate cut would also mark a shift from the Fed’s policy over the last few years. Last year, the board raised rates four times – and has done so a total of nine times since December.

Contract signings to purchase previously owned U.S. homes fell in July by the most since early 2018, indicating a pause in buyer interest even against a backdrop of falling mortgage rates.

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WASHINGTON (Reuters) – President Donald Trump said U.S. economic growth could be record-setting if the Federal Reserve would.

“The lower mortgage rates haven't unleashed a new wave of. May single family home sales drop 7.8%, missing expectations. for more moderate home price increases and lower interest rates, Gains in home prices shrink slightly in April, but S&P Case-Shiller shows. Data also provided by Reuters.

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