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 Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

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.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 569. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

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
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »