Wells Fargo and JPMorgan Chase, two top-five depository lenders that struggled more than the overall mortgage market in the final three months of 2022, have started to show real signs of improvement. Due to surging […]
LOS ANGELES — The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback for homebuyers already grappling with a tough housing market constrained by […]
U.S. Bank has joined the growing list of mortgage providers to deploy homebuyer assistance programs to help underserved borrowers overcome the down payment obstacle. The bank has launched Access Home Loan, a mortgage Special Purpose […]
The U.S. inflation rate cooled to 3 percent last month, its slowest pace in two years, the Labor Department said Wednesday. But mortgage rates haven’t gotten the memo yet — the average rate on 30-year mortgages increased to 7.07 […]
SYDNEY, July 12 (Reuters) – Two top Australian banks said the number of home loan customers missing repayments remained below pre-COVID levels as a spike in living costs slows their discretionary spending, a sign that […]
If you’re a U.S. homebuyer waiting for a return to super-low mortgage rates, don’t hold your breath. The short-lived era of 3% interest rates for 30-year fixed mortgages is over, and unlikely to return anytime […]
10 July: Virgin, HSBS Respond To Rising Wholesale Borrowing Costs Virgin Money is increasing selected fixed rates across its range – its third rate increase since the Bank of England raised interest rates on 22 […]
Mortgage rate volume climbed 31% in June, according to the latest report from Mortgage Capital Trading. That figure, which is based on actual locked loans, came after a 15% drop in May’s total lock production. […]
The 10-year yield and mortgage rates have been rising close to the 2023 high as some labor data shows that the honey badger labor market is still growing. To make things even more complicated, the […]
NEW YORK (Reuters) – U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in tandem […]
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