With mortgage rates still hovering around 8%, mortgage applications decreased 1% for the week ending Oct. 20 compared to the week prior, according to weekly mortgage application data from the Mortgage Bankers Association. “Mortgage activity […]
A couple of weeks ago, mortgage rates soared to a new 2023 high, reaching over 7% on a 30-year fixed-rate loan for the first time since November 2022. While higher rates are generally viewed with […]
HousingWire Lead Analyst Logan Mohtashami appeared on CNBC‘s Squawk on the Street on Wednesday to talk about the health of the housing market, and more specifically about today’s pending home sales data. Mohtashami explained how […]
Mortgage rate shot up again last week as the bond market continues to grapple with a growing economy in the run up to the next Federal Open Market Committee meeting. Investors are concerned that the central […]
The average long-term mortgage rate climbed further above 7% this week to its highest level since 2001, another blow to would-be homebuyers grappling with rising home prices and a stubbornly low supply of properties on […]
Increased mortgage rates continued to damp down both purchase and refinance activity during the week ended August 11. The Mortgage Bankers Association said its Market Composite Index, a measure of mortgage loan application volume, decreased […]
The National Association of Home Builders is reporting this week U.S. builder confidence retreated in August 2023 as rising mortgage rates and stubbornly high shelter inflation have further eroded housing affordability and put a damper […]
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. […]
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 […]
(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 […]
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