{"id":12977,"date":"2018-02-15T13:05:52","date_gmt":"2018-02-15T13:05:52","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12977"},"modified":"2018-02-15T13:05:52","modified_gmt":"2018-02-15T13:05:52","slug":"market-volatility-giving-buyers-cold-feet","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/market-volatility-giving-buyers-cold-feet\/","title":{"rendered":"Market Volatility Giving Buyers Cold Feet?"},"content":{"rendered":"

Market Volatility Giving Buyers Cold Feet?<\/h1>\n
\"Market<\/a>

Market Volatility Giving Buyers Cold Feet?<\/p><\/div>\n

It seems a 1,000-plus point drop in the stock market last week mixed with rising interest rates may have been enough to give homeowners and buyers the jitters. Overall mortgage applications last week dipped 4.1 percent week over week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday.<\/p>\n

Broken out, mortgage applications for home purchases plunged 6 percent last week. However, that number is still 4 percent higher than last year. Home buyers complain of\u00a0weakened affordability and lengthier home searches in research released this week by the National Association of Home Builders<\/a>.\u00a0Refinance applications dipped 2 percent last week, but they remain 2.8 percent higher than the same week a year ago.<\/p>\n

“Refinance activity is continuing along a floor, while the drop in purchase may be related to short-term stock market jitters,” says Joel Kan, an MBA economist. “We still expect activity to pick up as we make our way into early spring.”<\/p>\n

Mortgage rates continue to move upwards. Last week the 30-year fixed-rate mortgage rose to its highest rate since January 2014, averaging 4.57 percent, the MBA reported.<\/p>\n

Source: \u201cStock Jitters and Higher Interest Rates Drive Weekly Mortgage Applications Down 4.1%<\/a>,\u201d CNBC (Feb. 14, 2018)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Market Volatility Giving Buyers Cold Feet? It seems a 1,000-plus point drop in the stock market last week mixed with rising interest rates may have been enough to give homeowners and buyers the jitters. Overall mortgage applications last week dipped 4.1 percent week over week on a seasonally adjusted basis, the Mortgage Bankers Association reported … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-12977","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMarket Volatility Giving Buyers Cold Feet? - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/market-volatility-giving-buyers-cold-feet\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Market Volatility Giving Buyers Cold Feet?\",\"datePublished\":\"2018-02-15T13:05:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/\"},\"wordCount\":214,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/02\\\/02152018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/market-volatility-giving-buyers-cold-feet\\\/\",\"name\":\"Market Volatility Giving Buyers Cold Feet? 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