Mortgage Volume Gets Crushed by Spiking Interest Rates: What it Means for Future Home Sales and Consumer Spending by Wolf Richter • Apr 27, 2022 • 350 Comments The boom is over. And there are broader effects.
The Most Splendid Housing Bubbles in America, April Update: Raging Mania on the Eve of the Spike in Mortgage Rates by Wolf Richter • Apr 26, 2022 • 148 Comments At the time rate locks were issued for those deals, mortgage rates were still around 3.2%.
Sales of New Houses Sag, Inventory Piles Up to Highest since 2008, as Mortgage Rates Spike. Homebuilder Costs Explode amid Shortages of All Kinds by Wolf Richter • Apr 26, 2022 • 141 Comments Builders have abandoned the market below $300,000.
As Mortgage Rates Begin to Bite, Home Sales Fall to Lowest since June 2020, Supply Rises for Second Month by Wolf Richter • Apr 20, 2022 • 108 Comments But wait… Haven’t seen anything yet. Impact of today’s holy-moly mortgage rates won’t show up in the sales data for a couple of months. Here’s why.
Treasury Bond Massacre, Mortgage Rates Hit 5.35%, Highest since 2009, and it’s Only April by Wolf Richter • Apr 19, 2022 • 157 Comments But future bond buyers get the higher yields.
A “Housing Shortage” amid a Building Boom that Outruns Household Growth? by Wolf Richter • Apr 19, 2022 • 194 Comments Something Has to Give.
Homebuyer “Pessimism” Hits Bleak Record on Sky-High Prices, Spiking Mortgage Rates. Great Time to Sell, Though. Just Do It by Wolf Richter • Apr 7, 2022 • 204 Comments If it continues, “we expect to see an even greater cooling of the housing market than previously forecast”: Fannie Mae.
Mortgage Refinance Applications Are Collapsing. What’s the Impact on the Economy & Markets? by Wolf Richter • Apr 6, 2022 • 199 Comments Consumer spending and asset prices both were boosted by them.
The Most Splendid Housing Bubbles in America, March Update: Just Before the Great Spike in Mortgage Rates by Wolf Richter • Mar 29, 2022 • 246 Comments Raging mania to lock in mortgage rates when they were still at 3.2%. But now they’re near 5%.
The Treasury Bond Massacre and the Spike to 5% Mortgage Rates: This is All Going Very Fast by Wolf Richter • Mar 26, 2022 • 285 Comments Junk bonds are still in la-la-land though, Apocalypse but not now.
