The post Mortgage demand to hit 12-year low as high interest rates hammer borrowers appeared first on Weekly Real Estate News.
Mortgage demand to hit 12-year low as high interest rates hammer borrowers
Economy
Mortgage catastrophe brews in Britain as millions are pushed toward insolvency
The Bank of England’s surprise 50-basis-point hike will affect millions of homeowners as the interest rates on many mortgages in the U.K. are directly linked to the central bank’s base rate. Finance Minister Jeremy Hunt […]
Mortage News
Mortgage Application Volume Finished Year at 26-Year Low
The end-of-year holiday season took its usual toll on mortgage applications. The Mortgage Brokers Association (MBA) report this morning recapped the past two weeks of activity (the MBA was closed during Christmas Week) during which […]
Mortage News
FHA Announces Lower Mortgage Insurance Premiums
Earlier this morning, HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD […]