Total mortgage application volume fell 2.3 percent from the previous week, with demand standing at its lowest level in 22 years, after a similar low last month, according to the Mortgage Bankers Association’s seasonally adjusted index for the week ended Aug. 12. “Mortgage application activity was lower last week, with overall applications declining over 2 percent, to their…
Mortgage Demand Slumps to a 22-Year Low as Economic Downturn Sidelines Homebuyers, Says MBA
August 17, 2022
admin
Business & Marketseconomic policieseconomyhome buyersinflationInvestmentMarketsmortgagepersonal financereal estaterecessionUSUS Real Estate
0 Comment
Over 40,000 Homebuyers in China Threaten to Boycott Mortgage Repayments for Stalled Projects
More than 40,000 homebuyers have threatened to cease paying their bank mortgages for pre-sold yet unfinished apartments unless developers resume construction. The distressed homebuyers have informed mortgagees of their decisions to boycott payments for stalled development projects via letters, some of which have been circulated online. The homebuyers said they have taken such measures after…
Zillow Revises Home Price Appreciation Forecast, New Prediction Down 8 Points
Home prices in the United States, which are showing signs of cooling following a pandemic-recovery spike, are now expected to rise at a slower rate than previously predicted, according to real estate marketplace firm Zillow. In its March report, Zillow predicted home prices would rise 17.8 percent year-over-year by February 2023. In its latest forecast…
Potential Home Buyers Are Asking—Should I Stay or Should I Go
In 1982, the British punk rock band, The Clash, released their hit song “Should I Stay or Should I Go.” Forty years later, potential home buyers and sellers are now asking themselves that very same question. With mortgage interest rates currently near 6 percent for a 30-year fixed plan, many would-be home buyers are debating…
Is Now a Good Time to Buy or Sell a Home?
In 1982, the British punk rock band, The Clash, released their hit song “Should I Stay or Should I Go.” Forty years later, potential home buyers and sellers are now asking themselves that very same question. With mortgage interest rates currently near 6 percent for a 30-year fixed plan, many would-be home buyers are debating…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`