Last quote by Sean Becketti
This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week's jump following the FOMC announcement.
Mar 23 2017
Sean Becketti has been quoted 13 times. The one recent article where Sean Becketti has been quoted is Mortgage rates fall back as investors’ concerns mount. Most recently, Sean Becketti was quoted as having said, “This marks the greatest week-over-week decline for the 30-year mortgage rate in over two months, a stark contrast from last week's jump following the FOMC announcement.”.
Quotes by Sean Becketti
Mar 16 2017
As expected, the Fed announced its first rate hike of 2017 and hinted at additional increases throughout the remainder of the year. Although our survey was conducted prior to the Fed's decision, the release of the February jobs report all but guaranteed a rate hike and boosted the 30-year mortgage rate 9 basis points to 4.30 percent this week. Increasing inflation, continued gains in the labor market and the Fed's intentions for further rate increases – all three will keep pushing mortgage rates up this year.
Mar 02 2017
With the housing market on the verge of the spring home buying season, this is good news in an environment where historically low mortgage rates will help offset the pace of house price growth and lack of for-sale inventory in many markets.
Mar 02 2017
The uncertainty in the economy is impacting all markets, not just the mortgage market.
Feb 16 2017
For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year. While we expect mortgage rates to fall into line with Treasury yields shortly, this just may be a year full of surprises.
Nov 10 2016
At this point, it is too soon to tell whether Treasuries will hold this new level or if the mortgage rate will increase as much over the coming week.
Aug 18 2016
Low levels of inventory across many markets will continue to put upward pressure on house prices for the foreseeable future.
Jul 12 2016
During the mid-2000s, as house prices went up, borrowing went up almost dollar for dollar. In the last few years, when house prices have again been increasing more rapidly than the long-term average, mortgage borrowing has not increased at all. In fact it has decreased.
Jul 12 2016
We are hoping that people continue to be prudent about cashing out, but part of it is, lenders are more cautious. One of our frustrations at Freddie Mac is we think we've set a very prudent credit box, but we find that lenders won't go all the way out to the edge of our credit box. They are more restrictive than we would allow them to be. They just are super cautious.
Jun 01 2016
House prices have breached the peak levels of 2006, raising concerns about the long-term sustainability of current price levels.
Apr 14 2016
Demand for Treasuries remained high this week, driving yields to their lowest point since February...This rate represents yet another low for 2016 and the lowest mark since May 2013.
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