News Formal

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

  • 📰 NBCPhiladelphia
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

News Noticias

Colombia Últimas Noticias,Colombia Titulares

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. "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.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 569. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

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
Fuente: Investingcom - 🏆 450. / 53 Leer más »