Quotes from the news wire:
Turbulence in the financial markets is putting significant downward pressure on rates, which should benefit borrowers in the short term.
Found on CNN 8 months ago
The economy is showing signs of resilience, mainly due to consumer spending, and rates are increasing, overall housing costs are also increasing and therefore impacting inflation, which continues to persist.
Found on CNN 9 months ago
Fixed mortgage rates have increased by more than two full percentage points since the beginning of the year, the combination of rising rates and high home prices is the likely driver of recent declines in existing home sales. However, in reality, many potential homebuyers are still interested in purchasing a home, keeping the market competitive but leveling off the last two years of red-hot activity.
Rising inflation, escalating geopolitical uncertainty and the Federal Reserve's actions are driving rates higher and weakening consumers' purchasing power, in short, the rise in mortgage rates, combined with continued house price appreciation, is increasing monthly mortgage payments and quickly affecting homebuyers' ability to keep up with the market.
Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week, the rise in mortgage rates so far this year has not yet affected purchase demand, but given the fast pace of home price growth, it will likely dampen demand in the near future.
While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase, unfortunately, the record low supply combined with strong demand means home prices are rapidly escalating and eroding the benefits of the low mortgage rate environment.
Found on CNN 3 years ago
Inventory shortages would likely worsen if more homeowners decide not to sell out of reluctance of having a new mortgage with a higher rate.
Found on Reuters 5 years ago
Share your thoughts on Sam Khater's quotes with the community:
Would you like us to send you a FREE inspiring quote delivered to your inbox daily?
Use the citation below to add this author page to your bibliography:
"Sam Khater Quotes." Quotes.net. STANDS4 LLC, 2023. Web. 11 Dec. 2023. <https://www.quotes.net/authors/Sam+Khater+Quotes>.