Mortgage applications fall for second straight week

Mortgage applications fall for second straight week

This post was originally published on this siteMortgage applications sank for the second consecutive week even as rates dipped slightly amid fears of a looming recession. Total mortgage demand fell 5.4 percent from the previous week, according to data from the Mortgage Bankers Association that covered applications for the week...

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Housing market slowdown takes hold as mortgage rates dig in

Housing market slowdown takes hold as mortgage rates dig in

This post was originally published on this siteTOWN SQUARE | Slowing demand means that some sellers decided to lower their sales price to get an offer or during negotiations, according to Redfin.

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Mortgage rates hit 14-year high as inflation persists

Mortgage rates hit 14-year high as inflation persists

This post was originally published on this siteThe 30-year fixed-rate average soared to 5.78 percent this week, making its biggest one-week jump since 1987.

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Rising mortgage rates starting to affect residential housing market

Rising mortgage rates starting to affect residential housing market

This post was originally published on this siteTOWN SQUARE | New, existing and pending home sales fell in March compared with a year earlier.

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Mortgage rates slow their ascent ahead of next week’s Fed meeting

Mortgage rates slow their ascent ahead of next week’s Fed meeting

This post was originally published on this siteFor the first time in the past seven weeks, the 30-year fixed-rate average did not go up. It slipped to 5.1 percent this week.

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U.S. Home Sales Fell 7.2% in February

U.S. Home Sales Fell 7.2% in February

This post was originally published on this siteSales of previously owned homes declined as rising mortgage-interest rates and a shortage of homes for sale made it difficult for buyers to compete.

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Mortgage applications have dropped to lowest levels in years

Mortgage applications have dropped to lowest levels in years

This post was originally published on this site  A “for sale” sign is pictured in Salt Lake City on Monday, Oct. 18, 2021. Mortgage applications have dropped to the lowest levels in two years, Reuters reports. | Kristin Murphy, Deseret News Are people not applying for home mortgages anymore? Mortgage...

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New homebuyers beware: Rising mortgage rates, rent prices may dash those starter home dreams

New homebuyers beware: Rising mortgage rates, rent prices may dash those starter home dreams

This post was originally published on this siteFor potential entry-level homebuyers, the situation has gotten worse in the last year, thanks to rising inflation and mortgage rates ticking up.     

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Mortgage rates show little change but are expected to move higher

Mortgage rates show little change but are expected to move higher

This post was originally published on this siteAfter a month of increases, the 30-year fixed-rate average slipped to 3.55 percent this week.

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