Tag: Mortgages
Multiple China banks cut Yuan deposit rates, likely lowering interest rates on existing mortgages
A slew of China banks cut interest rates on Yuan deposits early Friday while citing the readiness to ease the pressure from lower mortgage ra [...]
Home prices rise in July, but may be on the verge of cooling off
After rising steadily since January, home prices may now be turning lower again.The latest read on home prices shows they hit another all-time high in [...]
Mortgage demand from homebuyers drops to a 28-year low as interest rates soar
Homes in Centreville, Maryland, US, on Tuesday, April 4, 2023.Nathan Howard | Bloomberg | Getty ImagesMortgage rates jumped last week to the highest l [...]
Mortgage rates hit highest point since 2000
Ryan Ratliff (C), Real Estate Sales Associate with Re/Max Advance Realty, shows Ryan Paredes (L) and Ariadna Paredes a home for sale on April 20, 202 [...]
Weekly mortgage demand drops again, as interest rates match a 22-year high
A real estate agent shows a home to a prospective buyer in Miami.Getty ImagesMortgage rates rose for the third straight week last week, matching a 22- [...]
Homebuilder sentiment drops sharply, as mortgage rates surge
Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023.Mike Blake | ReutersRising mortgage rates are hit [...]
What are crypto-backed mortgages, and how do they work?
Crypto mortgages entail utilizing cryptocurrency holdings as security to bind a conventional mortgage or loan. The procedure to obtain a cr [...]
UBS to pay $1.4 billion for fraud in mortgage-backed securities
General view of the UBS building in Manhattan on June 5, 2023 in New York City.Eduardo Munoz Alvarez | View Press | Corbis News | Getty ImagesSwiss ba [...]
Mortgage credit availability sinks to decade low
A man enters a Bank of America branch in New York.Scott Mlyn | CNBCAs if higher mortgage rates weren't enough, it was harder even to qualify for a mor [...]
Record high home prices mean you may have cash hidden in your home
Home prices are on a tear again across much of the nation after falling for much of last year. That means giving back to homeowners the equity they lo [...]
Foreign buyers are bailing on the U.S. housing market. Here’s why
International buyers are pulling back from the U.S. housing market, as high mortgage rates, soaring home prices, a meager supply of homes for sale and [...]
Home prices continue to climb
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty ImagesHome prices in May rose for the fifth straight month on the S [...]
June home sales drop to the slowest pace in 14 years
A house is for sale in Arlington, Virginia, July 13, 2023.Saul Loeb | AFP | Getty ImagesSales of pre-owned homes dropped 3.3% in June compared with Ma [...]
Homebuilder sentiment rises in July, but high mortgage rates hurt
Builder sentiment in the market for single-family homes rose 1 point in July to 56, according to the National Association of Home Builders/Wells Fargo [...]
SNP asks when UK government will take mortgages seriously?
Deputy Prime Minister, Oliver Dowden has during Prime Minister's Questions that "only by getting inflation under control" would mortgages start to fal [...]