The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
Mortgage Demand Falls, Cost of Buying a Home Surge With Record Low Levels of Supply
Mortgage Demand Falls, Cost of Buying a Home Surges With Record Low Levels of Supply
The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
US Mortgage Rates Reach A Two-Year High, Putting Pressure On New Home Buyers
U.S. mortgage rates last week jumped to a two-year high and are expected to continue rising, which may further squeeze first-time homebuyers out of the market, while inflation continues to rise rapidly across the nation. Many buyers were already struggling with higher home prices and limited housing stock. The average rate for a 30-year fixed-rate…
Real Estate Prices are Soaring—How Bad Is It?
Commentary There’s been a lot of hand wringing about the real estate market recently. And with good reason. Home prices have been on an absolute tear for the past two years. Since the low of the pandemic, home prices have seen 13 consecutive months of increasing prices. By July 2021 they were up 20 percent…
US Mortgage Interest Rates Climb for Fourth Straight Week as Fed Considers Rate Hikes
U.S. interest rates for home loans rose for a fourth straight week by Jan. 14, as mortgage applications increased 2.3 percent from a week earlier, according to the Market Composite Index (MCI), a measure of mortgage loan application volume. On an unadjusted basis, the MCI increased 3 percent compared with the previous week. Residential real…
Long-Term Mortgage Rates Decline Amid Omicron Fears
Long-term mortgage rates declined this week amid fresh fears over the effects the new Omicron coronavirus variant might have on the economy, mortgage buyer Freddie Mac reported in its Primary Mortgage Market Survey on Thursday. Freddie Mac’s report is based on first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. According to…
Construction Boom a Faint Hope to Prospective Home Buyers
News Analysis Construction for nearly 600,000 single-family homes started across America in the six months ending October, the most since 2006 before the Great Recession. That’s up 14 percent from the year before and more than 150 percent from a decade ago, according to data from the federal housing department and Census Bureau. The construction…
Australians Sleepwalking Into a Financial Disaster: Expert
November 15, 2021
admin
AustraliaAustralian Housing Lendinginterest rate hikemortgage ratesReserve Bank of AustraliaScott MorrisonWorld
0 Comment
A survey commissioned by the Financial Brokers Association of Australia (FBAA) revealed that three-quarters of Australians believe that a one percentage point rise in interest rates would put pressure on their financial situation. “Many Australians are clearly on the brink and are sleepwalking into disaster, living in the false hope that rates will stay this…
Mortgage Application Rates Down as Interest Rates Rise to Highest Levels Since July
September 30, 2021
admin
Business & Economyeconomic outlookEconomieseconomyinterest ratemortgage ratestreasury yieldsUSUS News
0 Comment
Mortgage application rates in the United States fell by 1.1 percent last week driven by higher interest rate, according to the Mortgage Bankers Association (MBA) Composite Index. The previous week ending Sept. 10 saw applications increase by 0.3 percent in contrast to the week ending Sept. 24. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta
Orange County Detached Homes Now Fetching $1.1 Million
Commentary The median sales price for a detached home in Orange County has risen to $1.1 million, up 22 percent from the $900,000 median sales price in 2020. This rapid price increase is driven by strong demand and a low number of homes for sale. Across all of Southern California, the average home is expected…