Tag: mortgage
What’s happening with home prices? Mortgage rates, tight supply are factors
Daniel Acker | Bloomberg | Getty ImagesHome prices are softening in most markets across the nation.Yet home prices are still higher compared with a ye [...]
First-time buyer challenges minister over 10.4% mortgage offer
A young first-time buyer has challenged a government minister after her initial mortgage offer of 4.5% interest was withdrawn and replaced with a 10.4 [...]
Mortgage lenders halt some deals after pound falls
Samuel Tombs, chief UK economist at Pantheon Macroeconomics, said if interest rates rise as predicted, the average household refinancing a two-year fi [...]
US MBA mortgage applications w.e. 9 September -1.2% vs -0.8% prior
Prior -0.8%Market index 255.0 vs 258.1 priorPurchase index 198.1 vs 197.8 priorRefinancing index 532.9 vs 556.4 prior30-year mortgage rate 6.01% vs 5. [...]
Mortgage demand declines 29% from last year as rates eclipse 6%
A for sale sign is posted in front of a home that is listed for over $1 million on April 29, 2022 in San Francisco, California.Justin Sullivan | Getty [...]
Mortgage demand drops further as interest rates shoot back to June high
GP: Homes for saleBrittany Murray Via Getty Images | Medianews Group | Getty ImagesIn June the average rate on the 30-year fixed shot over 6% briefly, [...]
Steep mortgage rates and high prices: why the housing market is slowing down
After mortgage rates hit record lows during the pandemic, driving up demand for new homes and pushing up listing prices, the housing market is now [...]
Wild swings in mortgage rates last week caused a rare surge in refinancing
An "Open House" sign at the Saratoga Homes Glendale Lakes community development in Arcola, Texas, on Tuesday, July 12, 2022.Mark Felix | Bloomberg | G [...]
A ‘shakeout’ among mortgage lenders is coming
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010.Simon Dawson | Bloomberg via Getty ImagesBanks and other mor [...]
Mortgage rates fall sharply after negative GDP report and Fed’s latest hike
Just one day after the Federal Reserve raised its benchmark rate, mortgage rates took a sharp turn lower.The average rate on the popular 30-year fixed [...]
Mortgage demand drops to lowest level in 22 years
The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers.Mortgage demand fell more than [...]
UK May mortgage approvals 66.16k vs 64.00k expected
Prior 65.97kNet consumer credit £0.8 billion vs £1.3 billion expectedPrior £1.4 billionNet borrowing of mortgage debt by UK individuals increased to £ [...]
Steven Gluckstern, Who Pushed for Mortgage Relief, Dies at 71
“He knew going into it that it might be impossible,” Judy Gluckstern said in a phone interview. “He was frustrated, but he didn’t let any grass grow. [...]
30-year mortgage rate surges to 6.28%, up from 5.5% just a week ago
Mortgage rates jumped sharply this week, as fears of a potentially more aggressive rate hike from the Federal Reserve upset financial markets.The aver [...]
Mortgage rates rise sharply after three weeks of easing
A "For Sale" sign outside a house in Crockett, California, on Tuesday, May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesMortgage rates rose sh [...]