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Inflation news will drive mortgage rates higher, Freddie Mac says

Inflation news will drive mortgage rates higher, Freddie Mac says
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

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Freddie-mac
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Correspondent, Broker, Liquidity Mgt., Marketing, AOT Products; Training and Webinars; Foreign Investment in U.S. Drops

“My mother used to say that the way to a man’s heart is through his stomach. Wonderful woman, lousy surgeon.” There is some great food in various parts of the nation, and today I will head from Dallas, TX to Jackson, MS, for the Mississippi MBA annual conference. Dallas is certainly home to its share of real estate owned by people outside of the country. But it turns out that annual foreign investment in U.S. existing-home sales declined 9.6 percent to $53.3 billion over the past year and the number of existing homes bought by international buyers declined to 84.6k, the fewest since 2009 and down 14.2 percent from the prior year. The average ($639k) and median ($396k) purchase prices for international buyers were the highest ever recorded by NAR. For those who like lists, China, Mexico, Canada, India, and Colombia were the top five countries of origin by number of U.S. existing homes purchased. The top U.S. destinations for foreign buyers were Florida (23 percent),

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Will mortgage interest rates increase in September?

Mortgage rates are at their highest level in decades. Here's where they're likely heading next.

Jerome-powell
Peter-idziak
Federal-reserve
Federal-reserve-chair-jerome-powell
Polunsky-beitel-green

Fed Chair Maintains Firm Stance On Knocking Down Inflation

Fed Chair Maintains Firm Stance On Knocking Down Inflation
nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.

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United-states
Jackson-hole
Wyoming
Jerome-powell
Lawrence-yun
Federal-reserve
National-association-of-realtors
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Should you buy your dream home in today's rate environment?

So you've finally found your dream home … and the best interest rate you can get is 7%. Should you buy it anyway?

Peter-idziak
Federal-reserve
Polunsky-beitel-green

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