Articles Tagged: existing home sales

4 articles found

Fed Cut, Mortgage Rates Up: What Homebuyers, Sellers and Investors Should Do Next

The Federal Reserve delivered a quarter-point cut to its policy rate, but the long end of the bond market pushed back. Ten- and thirty-year Treasury yields, which do the heavy lifting in mortgage pricing, climbed after the decision as traders sold the news, reassessed inflation risks and questioned how quickly the Fed will ease from here. Bottom line: affordability didn’t suddenly improve and deal math remains tight even as the overnight rate moved lower. This divergence matters. Mortgage costs are set in the market for long-term money, not by the Fed’s overnight rate. When investors demand more compensation for inflation and term risk, long yields rise and mortgage rates can drift higher, blunting any relief from a Fed cut. Below is a concise read on why this happened, what it signals for the next leg of the housing cycle, and practical playbooks for buyers, sellers, investors and existing owners.

mortgage ratesTreasury yieldsFed rate cut+10 more

Opendoor’s Rabois Reboot: 78% Spike, 85% Cuts, and the Next Chapter for iBuying

Opendoor detonated back into the market narrative with a roughly 78% one-day surge after naming Kaz Nejatian CEO and reinstating co-founder Keith Rabois as board chair. Within 24 hours, Rabois delivered a blunt diagnosis: the company is bloated, remote work broke the culture, and up to 85% of the 1,400-person workforce may not be needed. In the short term, the stock pop reads as a meme-fueled vote for founder mode and operating discipline. Longer term, the reset raises the core question for iBuying: can ruthless cost control, in-person execution, and AI-first pricing convert thin spreads into durable cash flow—especially as mortgage rates ease into the mid-6% range and housing demand shows signs of life?

OpendoorKeith RaboisKaz Nejatian+10 more

Mortgage Demand Surges as 10‑Year Treasury Yield Falls Below 4% — Playbooks for Buyers, Sellers, and Real‑Estate Investors

A sharp bond rally—punctuated by the 10‑year Treasury yield testing sub‑4% intraday and closing near 4.01% on Sept. 11 before edging back to ~4.06% on Sept. 12—pulled mortgage rates to their lowest levels in nearly a year. Average 30‑year fixed quotes fell into the low‑to‑mid 6% range on the latest weekly read (about 6.35%), with some lenders briefly pricing high‑5% scenarios for top‑tier borrowers during the downdraft. Borrower response was immediate: total mortgage applications jumped 9.2% week over week, the strongest since 2022, with refinances up 12% and purchases up 7%. Adjustable‑rate mortgages also saw renewed interest, reflecting a wider spread versus fixed loans. This report explains the mechanics behind the move, quantifies the payment impact, and delivers clear playbooks for buyers, sellers, and investors—along with risk controls if rates snap back.

mortgage rates10-year Treasuryhousing market+9 more

Mortgage Rates Plunge as 10-Year Treasury Slides: Demand Surges and the Housing Playbook Shifts

A weaker-than-expected August jobs report knocked the 10-year Treasury yield toward 4%, igniting the sharpest daily drop in mortgage rates in more than a year and flipping the switch on pent-up demand. Average 30-year fixed rates are now firmly in the mid-6% range (6.35% as of September 11), with some lenders quoting in the high-5s for top-tier borrowers. The move is resetting near-term affordability calculations, reviving refinance conversations, and reordering the housing playbook for buyers, owners, and builders alike. The transmission mechanism is classic: softer labor data eased bond yields; mortgage-backed securities rallied; primary mortgage rates followed. The result is already visible in the application pipeline. Purchase demand is rising at the fastest clip since 2022, refinance activity is stirring, and homebuilder equities have sprinted higher over the past month. Yet structural constraints—stubborn prices and tight inventory—mean relief is real but not a cure. What happens next hinges on upcoming inflation prints, the Federal Reserve’s path, and whether supply can meet reawakened demand.

mortgage rates10-year TreasuryMBA applications+15 more