Higher Rates, Economic Uncertainty Slow Commercial Lending In The U.S. According to the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to fall to $504 billion this year, which […]
Washington, DCCNN — US mortgage rates jumped this week, climbing closer to 7%. The move follows last week’s rate hike from the Federal Reserve, and the downgrade this week by Fitch Ratings agency of US sovereign debt, and of Freddie […]
Mortgage rates rose this week, according to Bankrate’s national survey. 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, […]
(Bloomberg) — US mortgage rates rose last week, curbing demand for those looking to buy a home. The contract rate on a 30-year fixed mortgage rose by 6 basis points to 6.93% in the week […]
Homeowners with a mortgage rate above 5% are nearly twice as likely to say that they plan to sell their home than those paying a rate below 5%, according to Zillow’s quarterly survey report. Additionally, […]
We live in an era of increasing data insecurity, with data breaches and leaks a common occurrence, and reports of identity theft growing year on year. One question netizens have been asking online is what this threat environment means for loan […]
‘We need to better implement the supporting policies such as lower down payment ratios and reduce mortgage lending rates,’ says housing minister Ni Hong New home sales fell 5.3 per cent in the first six […]
Mortgage rates rose slightly this week ahead of the Federal Reserve Open Markets Committee‘s rate hike. The 25-basis point increase to the federal funds rate was widely anticipated and priced in by capital markets. Freddie […]
The Federal Reserve, Federal Depository Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) released on Thursday the proposed changes for the Basel III rule (called the Basel endgame), which significantly increases capital requirements for banks. […]
The U.S. housing market faces a long recovery from the steep increase in mortgage rates over the past year, which brought an “abrupt end” to the real estate boom in the economy. That is according […]
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