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Millions are facing soaring mortgage rates. How did we leave them so vulnerable?
June 20, 2023
Mark Paul Cervantes
International, Mortage News, Top News
Comments Off on Millions are facing soaring mortgage rates. How did we leave them so vulnerable?
There is a cross-party consensus that Britain as a property-owning democracy should promote home ownership. To that end, 7.5 million people hold a record £1.7tn of mortgage debt. Yet that debt is more exposed to […]
Rates, Mortgage App Volume Improve Heading into Holiday Season
November 29, 2022
Mariel Alumit
Mortage News
Comments Off on Rates, Mortgage App Volume Improve Heading into Holiday Season
Mortgage application volume increased for the second consecutive week as interest rates continued to decline. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, was 2.2 percent higher during […]
As rising mortgage rates push buyers to the brink, sellers are starting to cut prices
October 2, 2023
Mariel Alumit
Housing Wire
Comments Off on As rising mortgage rates push buyers to the brink, sellers are starting to cut prices
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% […]