Saturday , September 24 2022

Tag Archives: mortgages

Mortgage demand declines 29% from last year as rates eclipse 6%

Mortgage demand appears to have nowhere to go but down, as interest rates go up. Application volume dropped 1.2% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The week’s results include an adjustment for the observance of Labor Day. Since last year, …

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How to Buy a Home When Mortgage Rates Are So Volatile

Homebuyers have faced a litany of challenges lately. For two years, housing prices climbed, while inventory remained at a standstill. Now the market is finally starting to cool off, making the hunt for an affordable home less of a pipe dream for priced-out buyers. But fickle mortgage rates are creating …

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Confused about the housing market? Here’s what’s happening

The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on …

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