Following a near-month-long 72-basis point rise, fixed-rate mortgages turned downward this week, signaling a potential reset in the housing market.
Read More »Mortgage Rates Continue Upward Climb, Hit 14-Year High Point
After a few weeks of decline, Freddie Mac reports mortgage rates hit a mark last seen in November 2008, having increased by more than two full percentage points since the beginning of 2022.
Read More »Mortgage Rates Surge Ahead of Fed Rate Increase
Freddie Mac reported that mortgage rates experienced the largest one-week spike since gauging the metric in 1987—nearly doubling year-over-year.
Read More »Mortgage Application Volume Rebounds
After nearly a month of declines in mortgage application volume, the MBA reported that apps rose 6.6% week-over-week, as the industry braces itself for the latest rate hike by the Fed.
Read More »New Home Purchase Apps Drop Nearly 11% in April
As builders continued to face rising costs, supply-chain issues, and extended completion times, the buying market has cooled amid high mortgage rates and lingering affordability concerns.
Read More »Mortgage App Volume Falls to Four-Year Low
With rates still above the 5% mark, mortgage application volume fell for the fourth time in five weeks, hitting a low last seen in December of 2018.
Read More »Mortgage Rates Fall in the Face of ‘Multiple Headwinds’
A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.
Read More »Mortgage Rates Fall Slightly Week-Over-Week
After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.
Read More »ARMs Race Continues as Mortgage Rates Climb Further Upward
Overall mortgage app volume rose for a second straight week, with continued interest in ARMs amid an environment of rising rates.
Read More »Tapping the Brakes on Mortgage Rate Hikes
The seven-week streak of rates on the rise has come to an end, as mortgage rates scaled back slightly, with a decline in demand expected to soften home price growth.
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