The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.16% from 7.09%. Mortgage demand from homebuyers was 26% lower than the same week one year ago. […]
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. […]
PORTLAND, OR, UNITES STATES, July 6, 2023/EINPresswire.com/ — Real estate loan is a type of loan provided by banks or other financial institutions that help borrowers purchase home, land, office, or any other type of real estate […]
Last week the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73% from 6.77%. Applications to refinance a home loan fell 2% for the week and […]
Launched to offer cheaper homes to low- and mid-income families, the affordable housing scheme is facing major headwinds. As homebuyers shy away from the affordable homes segment, its share in the overall residential real estate […]
The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest level since early March. Rates have been rising on a combination of […]
The average residential price of a market property in Whistler decreased by 13.4 per cent, to $1,623,452, between the first quarter of 2022 and 2023. Meanwhile, in Ukuleles, prices increased 12 per cent to $764,000 […]
It’s counterintuitive but real: Despite surging mortgage rates, borrowers’ demand for home loans rose last week. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. However, a surge […]
It’s proving to be a brutal February for the mortgage industry, with mortgage demand falling for the third time in four weeks. At a time when purchase activity typically ramps up, the latest mortgage application […]
Expectations that high inflation may persist for longer than previously projected put pressure on mortgage rates last week. In turn, it affected borrowers’ appetite for home loans. The latest Mortgage Bankers Association (MBA) survey showed […]
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