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Even with demand buoyed by a sparse housing inventory, growing financial challenges for buyers are forcing home sellers to cut prices to close deals, a new Redfin research report found. According to the brokerage, 6.5% […]
Demand for home loans climbs despite surging mortgage rates
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Comments Off on Demand for home loans climbs despite surging mortgage rates
It’s counterintuitive but real: Despite surging mortgage rates, borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge […]
Mortgage rates relief after inflation sees bigger than expected drop ahead of crunch decision
July 19, 2023
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Comments Off on Mortgage rates relief after inflation sees bigger than expected drop ahead of crunch decision
Inflation in Britain has dropped to 7.9 per cent in the year to June, according to the Office for National Statistics (ONS). Despite inflation dropping more than expected, it still remains high – but is […]