Mortgage Applications

Mortgage demand slipped again last week as average 30-year loan costs jumped to 6.92%, the steepest level since February. What Happened: Mortgage applications fell for a second straight week as borrowing costs climbed to a three-month high, the Mortgage Bankers Association said Wednesday. The group...

The siren song of homeownership has hit a sour note for many prospective buyers. The nationwide median home-sale price has surged to an eye-watering $380,000, according to a Thursday Redfin Corp (NASDAQ:RDFN) report, reflecting a 5% year-over-year increase — the most substantial uptick in almost a...

The economy has been fairly resilient through the current rate-tightening cycle of the Federal Reserve, although the housing sector hasn’t been among the ones showing strength. What Happened: A weekly data released early Wednesday confirmed the sector may be turning the corner. Mortgage...

The average 30-year fixed mortgage interest rate is up to 7.06%, increasing over 50 basis points over the past month, according to BankRate, causing home-sale prices to slide from a year earlier for the first time in more than a decade. The decrease in home prices are due to climbing rates, meaning...

The housing market, still in its relentless rough patch as mortgage rates continue to climb higher, is deterring buyers from making a move. What Happened: Mortgage applications for purchasing a home plummeted by 6% last week compared to the previous week, falling for the third straight week,...