Fixed-rate mortgages continue to edge closer to the 5% mark, rising once again to 4.67%, as an increasing number of buyers are shut out due to affordability concerns.
Read More »Pending Home Sales Decline in February
Limited inventory and high demand continue to push the number of pending home sales downward, with contract signings down across all regions month-over-month, except for the Northeast.
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 »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 »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 Inch Closer to 4% Mark
Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.
Read More »Mortgage Rates Jump After Three-Week Lull
Mortgage rates inched higher, as the nation’s economy and employment landscape continue to show solid gains.
Read More »Affordability Issues Linger Despite Stabilization of Mortgage Rates
Mortgage rates have begun to plateau, with a spike in home buyer demand due to the continued lack of supply and elevation in prices.
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