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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% […]
Mortgage demand falters as rates inch past 7%
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Allen Santos
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Comments Off on Mortgage demand falters as rates inch past 7%
Demand for mortgage loans dropped following the Fed’s decision to raise interest rates by an additional 75 basis points last week. The market composite index, a measure of mortgage loan application volume, declined 3.7% for […]
VA makes major change to America’s most underutilized mortgage program
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The U.S. Department of Veterans Affairs (VA) announced on Wednesday that it will lower the VA Native American Direct Loan (NADL) program interest rate from 6% to 2.5% in an effort to make housing loans […]