The spring is generally a prime season for house buying, however the recent upswing in mortgage rates has caused some volatility in demand.
Read More »Upward Drive in Mortgage Rates Continues to Soften Purchase Activity
Mortgage rates rose once again this week, creeping closer to the 4.75% mark, rapidly closing the door on affordability for many.
Read More »Fed Rate Hike Pushes Mortgage Rates Toward 4.5% Mark
After the Fed decided to raise rates last week, mortgage rates followed suit and edged up to 4.42%, up 26 basis points over last week and forcing more prospective buyers to the sidelines.
Read More »New Home Sales Slip in February
Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.
Read More »Mortgage Rates Cross the 4% Mark
For the first time since May of 2019, mortgage rates have risen above the 4% mark, on the heels of news that the Federal Reserve has upped short-term rates.
Read More »Rise in Rates Brings Another Dip in Refi Apps
Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.
Read More »After Week of Declines, Mortgage Rates Back on the Rise
Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.
Read More »Drop in Rates Drives Mortgage App Volume Upward
As the military conflict in Ukraine pushed U.S. Treasury yields lower, the MBA reports that purchase and refi application volume climbed week-over-week.
Read More »Mortgage Rates Fall Amid Ukrainian Conflict
Rates fell week-over-week as the Russian-Ukrainian crisis has brought with it uncertainty in the housing finance sector.
Read More »Mortgage Rates Ease Back After Quick Rise
After taking a giant leap toward the 4% mark, mortgage rates scaled back this week, as most economists feel home price growth will remain firm before cooling off later this year.
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