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Mortgages

What the Fed’s rate hike means for one community bank

by Kai Ryssdal and Maria Hollenhorst
May 5, 2022
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
Laurie Stewart, the head of Sound Community Bank in Seattle, says pressures to hold more capital will "impact our ability to serve clients and to be investable."
Courtesy Sound Community Bank
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Anticipated Fed interest rate hike already being felt

by Sabri Ben-Achour
May 3, 2022
Mortgage rates, for example, probably already have the Fed hikes built in.
The Federal Reserve is planning to raise interest rates this week. If you're trying to take out a mortgage, chances are you're already feeling the effects.
Anna Moneymaker/Getty Images
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The mortgage business has "come to a screeching halt"

by Kai Ryssdal and Andie Corban
Apr 26, 2022
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
"The market was just too crazy," said mortgage broker Vivian Gueler. "The low rates drove up too much business, too much demand — and the prices, ultimately."
Justin Sullivan/Getty Images
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The Fed's interest rate hike is already reducing demand for mortgages

by Justin Ho
Apr 7, 2022
Getting demand to soften is the point because that's expected to help tame inflation.
Applications for home mortgages and loan refinancings are slowing down. Will inflation follow the trend?
Justin Sullivan/Getty Images
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The staying power of Case-Shiller, a marquee housing metric

by Amy Scott and Maria Hollenhorst
Apr 6, 2022
It’s not the most timely home price indicator, but it does have advantages, including mapping prices over long periods.
Homes line a Southern California street in 2003. An approach for tracking house prices developed by economists Karl Case and Robert Shiller in the 1980s remains an important market indicator today.
David McNew/Getty Images
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Borrowing for second homes to become more expensive

by Amy Scott
Jan 7, 2022
Demand for vacation homes has crowded out would-be homeowners, but will higher fees make a dent?
Upfront fees for some second-home loans could increase by as much as 3.9% starting in April. Above, beachfront vacation homes in Florida.
felixmizioznikov via Getty Images
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Race and Economy

How mortgage algorithms perpetuate racial disparity in home lending

by David Brancaccio and Rose Conlon
Aug 25, 2021
A new investigation finds that people of color are more likely to have their mortgage applications rejected than comparable white applicants.
A new investigation finds that people of color are more likely have their mortgage applications rejected than similar white applicants.
Glenn Hunt/Getty Images
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As home prices rise, so does mortgage debt

by Amy Scott
May 20, 2021
Are borrowers and lenders taking on too much risk?
Most analysts don't expect home prices to reverse in the near term, but if mortgage rates were to substantially increase, the pace of appreciation could slow.
Brandon Bell/Getty Images
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More homeowners are back to paying their mortgages

by Amy Scott
May 3, 2021
But the recovery has been unequal. Black homeowners are at a higher risk of foreclosure when forbearance rules expire, one nonprofit says.
Despite recent trends, more than 2 million mortgages are still in forbearance.
Chainarong Prasertthai via Getty Images
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Housing is hot, and LA mortgage broker sees no sign of a slowdown

by Kai Ryssdal and Andie Corban
Apr 29, 2021
Vivian Gueler of Pacific Trust Group says demand for housing in Los Angeles is outpacing supply, thanks largely to low interest rates.
Justin Sullivan/Getty Images
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