Browsing Tag
mortgage
Mortgage demand from homebuyers drops even as interest rates pull back
Applications to refinance a home loan, which are most sensitive to weekly rate changes, increased 5% for the week and were 7% higher than the same week one year ago."Treasury yields continued to move lower last week and mortgage rates…
Mortgage companies could intensify the next recession, US officials warn
David Ryder/Bloomberg/Getty Images
Nonbank mortgage providers like Rocket Mortgage…
Housing market: Meet boomers locked in place by mortgage rates
Brenda Edwards considers the four bedroom ranch-style house where she has lived for 20 years her forever home. It’s where the 70-year-old retired nurse and her 79-year-old husband want to stay as their mobility becomes more limited.…
How rich homebuyers are avoiding high mortgage rates
The all-cash deal is back in vogue for homebuyers, a shift that favors the wealthy.Luxury housing markets in New York and Florida are boasting near record-high shares of transactions paid in cash, according to first quarter data from…
Relief from high mortgage rates isn’t coming soon, experts say
If you expected lower mortgage rates to make buying a home slightly cheaper this spring, consider your hopes dashed, experts say.The Federal Reserve put a hold on interest rate cuts last week and tweaked plans for its balance sheet,…
Why the 30-year fixed-rate mortgage is a ‘uniquely American construct’
monkeybusinessimages | GettyTrue to its name, a 30-year fixed-rate mortgage spreads out repayment over 30 years, with an interest rate that remains the same for the life of the loan. As long as you do not refinance or sell your house,…
Mortgage rates ease as the labor market cools
Mortgage rates eased slightly last week after a cooler-than-expected jobs report. Additionally, the 10-year Treasury yield fell after Friday’s jobs report.
HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate…
I’m stuck after my mortgage payments went up
HOMEOWNERS have been flocking to TikTok to share their stories of surprise mortgage payment hikes.One real estate broker and influencer took to social media to explain the trend.Matt Wheatley (@mjwhomes) shared his explanation on…
Economic outlook: $3 trillion could be injected into consumers by tweaking mortgage market
The U.S. housing market is harboring the potential for unprecedented economic stimulus that wouldn’t require any federal spending, according to Meredith Whitney, the one-time “Oracle of Wall Street” who predicted the Great Financial…