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
Top News
Default Could Send Housing Market Into ‘Deep Freeze’: Zillow
The interest rate on a standard 30-year mortgage would jump as high as 8.4% if the U.S. defaults on its debts this summer, raising housing costs for new buyers by 22%, according to a new analysis by […]
Housing Wire
Demand for mortgages is on the rise as rates fall
With mortgage rates down nearly 50 basis points from the recent peak about a month ago, borrower demand picked up again this week, according to the Mortgage Bankers Association (MBA). The market composite index, a measure of […]
Housing Bubble
Lower mortgage rates boost US home sales in February
WASHINGTON, March 21 (Reuters) – U.S. existing home sales rebounded more than expected in February as lower mortgage rates and the first year-on-year decrease in prices in 11 years pulled buyers back into the market, […]