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
Mortage News
Mortgage Demand Falls as US Credit Downgrade, Treasury Yields Push Rates Higher
Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. […]
International
Canadian banks’ profits seen pressured by slower dealmaking, mortgage growth
TORONTO, Aug 22 (Reuters) – Canada’s big bank results are expected to bring to light a number of challenges as lenders set aside more funds for bad loans in a tough economy that has also […]
Loan Markets
Mortgage rates have biggest drop in nearly a year after hitting two-decade high
home sales Cash offers for homes are most in nearly 10 years as high mortgage rates roil market Hamptons ‘middle class’ homes priced below $5M slammed in selling frenzy New home sales surge by 12% […]