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Daily Dose

Mortgage Rates Climb to New 14-Year Highs

As the Federal Reserve issues another rate hike to tame high-riding inflation, Freddie Mac reported the fixed-rate mortgage climbed 27-basis points over last week, rising to levels last seen in 2008.

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Mortgage App Volume Ends Six-Week Skid

For the first time in more than 45 days, mortgage application volume turned upward, as the MBA reported overall app volume rose nearly 4% week-over week, ahead of yet another rate hike by the Fed.

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Sales Slip, Prices Soften From July

A recent study from RE/MAX revealed that new listings dropped nearly 13% from July, and inventory declined almost 2%, after four months of consecutive, double-digit growth. Click here for the latest details.

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