Tag: Mortgages
Home sales spike in February, median price drops
Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of [...]
Tokenized mortgages can prevent another housing bubble crisis, says Casper exec
The 2008 financial crisis was a devastating time for many, as the collapse of the United States real estate market caused ripple effects impacting the [...]
Homebuilder confidence rises in March as demand improves
Construction workers work on a home, as a subdivision of home is built in San Marcos, California, January 31, 2023.Mike Blake | ReutersMortgage rates [...]
Mortgage demand rises despite volatile interest rates
Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates.Total application volume rose 6.5% last week co [...]
Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022.Jordan Vonderhaar | Bloomberg | Getty ImagesThe average rate on the popular 30-ye [...]
Luxury home sales plunge, Miami and Hamptons hit hardest
Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe U.S. housing marke [...]
Mortgage demand recovers slightly, despite rising rates
A "For Sale" sign outside of a home in Atlanta, Georgia, on Friday, Feb. 17, 2023.Dustin Chambers | Bloomberg | Getty ImagesAfter dropping to a 28-yea [...]
Mortgage rates back over 7% as inflation fears spook markets
The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily.Growing fears that in [...]
Mortgage demand falls as interest rates rise
Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up.Mortg [...]
Home price gains weakened sharply to end 2022: S&P Case-Shiller
A "For Sale" sign in front of a home in Roseville, California, on Dec. 6, 2022.David Paul Morris | Bloomberg | Getty ImagesHigher mortgage rates weigh [...]
Black real estate developers get access to big capital
Black Americans represent less than 5% of residential real estate developers, largely because they can't get equal access to capital, according to a r [...]
January pending home sales show rush of contracts
Saul Loeb | AFP | Getty ImagesA sharp drop in mortgage interest rates brought homebuyers out in force in January, but rates have bounced back higher a [...]
Home flipping profits drop at fastest pace in over a decade
As the housing market cools quickly, house flippers are finding it harder to make fast profits.In the third quarter, gross flipping profit, which is t [...]
Mortgage demand inches higher as interest rates move lower
After a month of declines, mortgage application volume is rising, as current homeowners and potential buyers move on lower mortgage rates.Applications [...]
Mortgage rates drop after CPI inflation report
A prospective home buyer, left, is shown a home by a real estate agent in Coral Gables, Florida.Getty ImagesThe average rate on the 30-year fixed mort [...]