As rates breach 4 percent for the first time since 2019, requests to refinance are down more than 50 percent from a year ago. Source:…
Posts published in “mortgage rates”
Only 31 percent of U.S. households can afford a newly built home, down from 40 percent one year ago. Source: Inman News
Bond market investors, rather than Fed policymakers, exert the strongest immediate pull on the markets that drive mortgage rate trends. Source: Inman News
FHA borrowers can expect to pay even higher rates, but lenders are offering discounts on jumbo mortgages too big for Fannie and Freddie, according to…
Vacation-home demand is the highest it’s been in a year, and just below a record 90 percent gain in demand tallied in September 2020, according…
With inventory remaining tight for entry-level buyers, the average loan request hit another record high of $446,000. Source: Inman News
Requests to refinance existing mortgages were up 18 percent week over week but down 50 percent from a year ago. Source: Inman News
CEO Anthony Hsieh sees opportunity to grow market share as mortgage industry shifts to providing more loans to homebuyers. Source: Inman News
With rates on 30-year fixed-rate loans rising for the fifth consecutive week, it’s no surprise that refi demand was down for the fourth straight week. …