Homebuyer Sentiment Surges in June, Contradicting Expectations of Stagnation
In a surprising turn of events, Fannie Mae’s National Housing Survey revealed that homebuyer sentiment rebounded in June to levels not seen since May’s record low. This surge in optimism comes despite the market’s persistent volatility and the widely-held belief that mortgage rates will continue to rise. As the housing market continues to evolve, this […]
Mortgage Rates Decline from 7% Following Significant Jobs Report Revision
After a spike following the June 27 presidential debate, mortgage rates are declining due to growing expectations that the Federal Reserve will cut rates in September. On Friday, mortgage rates fell after the Bureau of Labor Statistics revealed that job growth in April and May was lower than initially reported, and private sector hiring slowed […]