Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new…
Posts published in “mortgage rates”
While purchase loan applications were up 4 percent week over week, there’s still “very little refinance incentive with rates so much higher than last year,”…
Lawrence Yun said home prices will rise 1 percent and sales will dip 7 percent next year before recovering in 2024, in contrast to a…
Rates for several types of mortgages fell more than half a percentage point Thursday, with 30-year fixed-rate mortgages averaging 6.62 percent. Source: Inman News
All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for…
Annual home price growth fell from 14 percent in the second quarter to below 9 percent,, according to the National Association of Realtors latest quarterly…
Purchase loan applications rose 1 percent last week despite latest Fed rate hike, but homebuyer demand for mortgages remained close to 2015 lows, according to…
Fannie and Freddie remain profitable but are setting aside pots of money to cover future losses that could result from falling home prices. Source: Inman…
Only 16 percent of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who…
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73 percent from a year ago, to $23.7 billion. Source:…