After years of mortgage interest rates basking in the two to four percent range, the past month has witnessed a trend of slowly rising rates, with some creeping up to as high as 5.25 percent for low finance loans. “We’ve been in the two’s and three’s for so long, and then it seemed like one…
Mortgage Rates Climbing, But National Housing Market Still Steady
April 12, 2022
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Housing Beat: Mortgage Rates Keep Climbing; Disney’s Affordable Housing Project
Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant. The Home Loan Situation Freddie Mac reported the 30-year fixed-rate mortgage average 4.72 percent for the week ending April 7, up from last week when it averaged 4.67 percent. The 15-year…
US Home Listing Prices Rose in February, Increasing Competition for Housing
Competition for homes in February among U.S. buyers for this spring heated up for the second month in a row, after news that mortgage rates will go up through 2022, according to OJO Labs, which runs the Movoto by OJO real estate search site. It said that 39.9 percent of homes have sold for more than…
Mortgage Refinance Demand Falls After Rates Rose Higher
March 30, 2022
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U.S. mortgage applications have decreased 6.8 percent from the week before, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 25. The drop in applications comes as mortgage rates rose for another week, hitting current borrowers who were applying to refinance, but demand from homebuyers still…
US New Home Sales Drop Further as Mortgages Rates Rise; Prices Push Higher
WASHINGTON—Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are squeezing out some first-time buyers from the market. Despite the second straight monthly decline reported by the Commerce Department on Wednesday, sales remained above their pre-pandemic level. Economists saw reduced affordability curbing activity in the…
Rise in Interest Rates Is Causing Mortgage Refinance Demand to Tumble
Mortgage interest rates shot up dramatically this week to their highest rates in three years, taking its toll on loan demand, especially regarding refinances, said the Mortgage Bankers Association’s seasonally adjusted index report on March 23. The rapid increase is threatening to cool down the red-hot housing market. Refinance applications for home loans fell 14…
Putin: Economy Will Take Blow, But Adapt; Mortgage Rates Top 4%, Highest in 3 Yrs | NTD Business
Home mortgage rates top 4 percent for the first time in nearly three years. They could keep rising after the Fed confirmed it will start hiking interest rates. Russian President Vladimir Putin is recognizing the economic blow the country’s suffering, but also telling Russians they will recover. A top Chinese financial official promises more market stability….
Is America’s Reserve Currency Status At Risk?; Mortgage Rates Top 4% | NTD Business
Home mortgage rates top 4 percent for the first time in nearly three years. They could keep rising after the Fed confirmed it will start hiking interest rates. Russian President Vladimir Putin is recognizing the economic blow the country’s suffering, but also telling Russians they will recover. A top Chinese financial official promises more market stability….
US Mortgage Rates Fall as Home Prices Rise to Another Record High
The average rate for a 30-year fixed mortgage rose close to a full percentage point from the start of this year up until the week ending Feb. 25, when it hit 4.18 percent, according to Mortgage News Daily. The 30-year rate fell below 4 percent to 3.90 percent on March 1, but recovered to 4.08…
2021 Home Price Increase Highest In Over 3 Decades: S&P Dow Jones Indices
Home prices in the United States increased by a multi-decade record rate in 2021 due to the COVID-19 pandemic and resulting change in housing location preferences, according to a recent report published by S&P Dow Jones Indices (S&P DJI). The National Composite Index, which measures home price gain, increased by a record 18.8 percent in…
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