Published by FOX Business | July 27, 2022 The survey found stabilizing mortgage rates and increases in for-sale inventory The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey found mortgage applications fell 1.8% for the week ending July 22, 2022, from the previous week. The decrease was the fourth week in a row as home purchase …
Published by CNBC | July 20, 2022 Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. Mortgage demand fell more than 6% last week compared with the previous week, hitting …
Published by Attom Data | July 14, 2022 U.S. Foreclosure Starts up 219 Percent in First Six Months of 2022; 96 Percent of Major Metro Areas Saw an Annual Increase in Foreclosure Filings; Foreclosure Rates Highest in Illinois, New Jersey, and Ohio ATTOM, a leading curator of real estate data nationwide for land and property data, today released its …
Increased Foreclosure Activity in First Six Months of 2022 Approaches Pre-Covid Levels Read More »
Published by FOX Business | July 14, 2022 The average for a 30-year fixed-rate loan is now at 5.51%, up 2.88% from a year ago U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That’s causing some …
Published by Forbes.com | July 3, 2022 The Fed’s historic mortgage rate hike put a damper on home buyer activity. More and more, home sellers are giving in to the mounting pressure on affordability posed by June’s rapid mortgage rate hike, according to a new report from Redfin, a technology-powered real estate brokerage. The median …
Sky-High Listing Prices Are Finally Starting To Come Back Down To Earth Read More »
Written by: Catherine Way | Published June 27, 2022 Investing in real estate is a great way to not only diversify your portfolio but build passive income and see high returns. While house flipping or becoming a landlord may be too time-consuming, you can easily invest in real estate in a hands-free way. That is …
Published by FOX Business | June 22, 2022 Average 30-year, conventional, fixed-rate mortgage hit 5.23% in May: Freddie Mac JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and dampen housing demand. A source familiar with the matter confirmed to FOX Business …
JPMorgan’s Mortgage Business Lays Off, Reassigns Hundreds of Employees as Rates Climb Read More »
Published by FOX Business | June 22, 2022 The average mortgage loan amount is down markedly from its peak in mid-March The average loan amount for a home mortgage in the U.S. is down markedly from the high in mid-March, indicating that the housing market is cooling as interest rates rise. The Mortgage Bankers Association’s latest Weekly …
Published by FOX Business | June 21, 2022 Sales of existing homes slowed for the fourth straight month, according to the National Association of Realtors Chief Economist at Redfin Daryl Fairweather argued that a recession could coincide with a decline in home prices as prices continue to climb even while data reveals that sales have slowed. …
EXPERT: Recession Could Lead to Decline in Home Prices Read More »
Published by FOX Business | June 9, 2022 This comes ahead of a Federal Reserve meeting where a raise in its main borrowing rate is expected Average long-term U.S. mortgage rates made a swift jump this week, further squeezing cash-strapped American homeowners. On Thursday, a 30-year fixed-rate mortgage averaged 5.23%, according to Freddie Mac. That’s up from …
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