Economy

The 30-year fixed rate mortgage continues to close on the 7% mark. With political uncertainty and the U.S. economy remaining strong, it could keep going up.

Slowing home price appreciation caused Milliman's mortgage default index to increase from quarter to quarter.

About one-third of homeowners say they'll never sell their homes, per a questionnaire commissioned by Redfin.

Analysts agree recent changes to government agreements will end the Fannie Mae and Freddie Mac conservatorships, but it'll likely happen later rather than sooner.

Bill Ackman, founder of Pershing Square Capital Management, predicts Fannie Mae and Freddie Mac will be removed from conservatorship within the next two years.

Although a new administration means policy uncertainty, most analysts see the economy growing above trend next year, although inflation will remain a concern.

The Freddie Mac mortgage rate tracker on Thursday morning showed the conforming 30-year fixed rate mortgage creep closer to the 7% level last seen in May.

Home sellers for properties listed at $650,000 or less are more likely to overprice their house and as a result, these are the ones which are languishing on the market.

Proceeds from the sale will be used by HomeStreet to pay down Federal Home Loan Bank advances and brokered deposits.

Mortgage rates have run higher since the most recent Federal Reserve meeting as consumer spending points to economic strength.