Last week ended with a wild ride for mortgage rates. We anticipated the two inflation reports could help mortgage rates, however, we had a bad bond auction last Thursday, and the 10-year yield rose sharply. […]
Canada’s mortgage market has cooled over the past year amid surging interest rates and borrowing costs – but to date, there’s been nothing resembling the full-blown crisis some had envisaged as activity started to fizzle […]
August: All Eyes On Key Inflation Update Next Week Halifax has cut rates on selected two, five and 10-year fixed rate residential mortgage deals by up to 0.71 percentage points following a glut of lenders, […]
The 30-year fixed mortgage rate continued its upward trajectory for the third consecutive week, rising to 6.96%, according to Freddie Mac. Since the last FOMC meeting in July, all eyes have been fixed on Thursday’s […]
The Mortgage Bankers Association (MBA) reported that the mortgage delinquency rate fell to its lowest level since it began tracking this metric 43 years ago, supporting claims the economy is on the cusp of a […]
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. […]
US MORTGAGE rates jumped above 7 per cent in a week that government bond yields spiked following a surprise decision by Fitch Ratings to lower the nation’s credit rating. The contract rate on a 30-year fixed mortgage […]
With home sale transactions down, fraudsters are turning to mortgage payoff fraud to secure bigger payouts. Mortgage payoff fraud occurs when a title company mistakenly sends a mortgage payoff to a fraudulent bank account after […]
The downturn in mortgage application volume extended to a third straight week over the period ending August 4. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, decreased 3.1 […]
U.S. mortgage rates rose this week, after the Federal Reserve re-engaged in its war on inflation. The average rate on 30-year mortgages climbed to 7.09 percent this week, up from 6.98 percent last week, according to Bankrate’s weekly […]
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