News Formal

As home sellers, buyers wait on a Fed cut, here's how mortgage rates have impacted the spring housing market

  • 📰 nbcsandiego
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

While some buyers have come to terms with 7% interest rates, the rate volatility is the factor with the biggest impact, an economist says.

The 30-year fixed rate mortgage rose to 7.17% on April 25, according to Freddie Mac data via the Federal Reserve.

"I believe our first rate cut is penciled in for July," said Matthew Walsh, assistant director and economist at Moody's Analytics."We might not see rates fall in any meaningful way until later half of this year," he said."The biggest thing when we're looking at mortgage rates right now is volatility," said Nicole Bachaud, a senior economist at Zillow Group.

When rates bounce around from week to week, a buyer looking into a house one day might not be able to afford the same property the next day, she said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 524. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Market 'underappreciates' that the Fed will cut rates for one reason or anotherMarket 'underappreciates' that the Fed will cut rates for one reason or another - Citi
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »