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Mortgage Demand Hits Lowest Level Since July
Mortgage Demand Hits Lowest Level Since July Amid Higher Rates
Key Takeaways A near 7% drop in mortgage application volume sent demand to its lowest levels since July.Mortgage rates remained unchanged this week but are still higher than the lows seen in September.
Mortgage rates stay high, sapping home-buying demand
Applications for mortgages fell to the lowest level in three months as high rates weighed on home buyers. Activity as measured by the market composite index — a measure of mortgage application volume — was down in the past week,
US Mortgage Activity Gauges Drop to Lowest Levels Since August
US mortgage applications for both home purchases and refinancing dropped last week to the lowest levels since August, hobbled by a recent surge in mortgage rates.
Lower Mortgage Rate, But Higher Offer: Buying a House Is Still Hard
Even though mortgage rates have softened since last year, homebuyers are still paying over asking price to secure their dream home, which means the savings are null.
Mortgage activity tumbles to lowest level since August
The contract rate on a 30-year fixed mortgage held at 6.52%. A month ago, the rate stood at a two-year low of 6.13%.
Mortgage demand drops to its lowest level since July, as interest rates return to summer highs
Refinance demand dropped 8% last week compared with the previous week. Applications for a mortgage to purchase a home fell 5% for the week. Mortgage demand moved lower again last week, even though mortgage interest rates didn't move.
1h
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale
US home sales slowed in September to weakest annual pace in 14 years despite easing mortgage rates, more homes for sale ...
7h
Mortgage Rates Today, Oct. 23: Median Rate Rises to 6.88%
As of Oct. 23, according to Credible data gathered from more than 500 U.S. lenders*, the median interest rate on a 30-year ...
22h
Mortgage Refinance Rates Climb to New 2-Month High
With a third daily increase, 30-year mortgage refi rates have risen to their highest level since mid-August—rising up from ...
1d
Today’s 30-year mortgage interest rates hold at 6.63%, while 15-year mortgage rates fall to 5.75%
Thinking about taking out a mortgage loan? Current mortgage rates stay at 6.63% for 30-year terms, while 15-year terms ...
2h
Mortgage Applications Fall For Fourth Straight Week As High Rates Squeeze Homebuyers
Mortgage rates surge, causing sharp drop in applications for 4th consecutive week. Refinance and new purchase applications ...
1d
Mortgage Calculator: This Is How Much You Need To Buy a $425,000 Home With a 6.44% Rate
Assuming a 3.5% down payment and excluding tax and insurance, the typical payment at today’s 6.44% mortgage rate on a ...
17h
The best mortgage lenders near Houston
The best mortgage lenders in Houston make your home-buying experience easier. Consult this list before choosing a lending ...
20h
What is a mortgage application fee, and do you have to pay it?
A lender may charge a mortgage application fee when you submit your final loan application. Find out whether you have to pay ...
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Encouraging Signs For Mortgage REITs
Mortgage REITs are becoming more attractive due to reduced RMBS spreads, alleviated negative convexity, and a lower cost of ...
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