The post Why higher mortgage rates mark a return to normality appeared first on Weekly Real Estate News.
Why higher mortgage rates mark a return to normality
Housing Wire
Mortgage rates continue a downward trend in the twilight of 2023
As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded […]
Housing Wire
Mortgage balances increased by nearly $1 trillion in 2022
Americans’ debt balances continued to compound in 2022 as inflation put pressure on budgets and the cost of borrowing increased. Aggregate household debt, which includes all outstanding credit market debt held by consumers, increased by […]
Housing Wire
Former mortgage broker sentenced to 5+ years for $8M loan fraud scheme
Former California mortgage broker Alex Ashod Dadourian was sentenced to five years and four months in prison for a loan fraud scheme in which Dadourian forged mortgage approval documents totaling more than $8 million to […]