The post Mortgage Rates Drop to Lowest Point in 4 Months appeared first on Weekly Real Estate News.
Mortgage Rates Drop to Lowest Point in 4 Months
Housing Wire
Borrowers shift toward jumbo loans, ARMs as mortgage rates rise
Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. The number of rate locks was down in February from the previous month, but dollar volume rose due to a […]
Housing Wire
US government to sell off $13B of mortgage bonds from failed banks Signature and SVB
The U.S. government is seeking to sell $13 billion worth of mortgage bonds amassed after the failures of both Silicon Valley Bank (SVB) and Signature Bank earlier this year. First reported this week by Bloomberg […]
Inflation
What Is Happening in the Housing Market?
Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about […]