Tag: mortgage interest rates

Home Listings Spike as Sellers Look for Buyers While Prices Remain High

May 27, 2022
Business & Economyeconomyhome listingshome priceshousing marketmortgage interest ratesreal estatesingle-familyUSUS Real Estate
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There has been an increase in home listings during recent weeks as sellers jump to cash in on the current high home prices. New listings climbed almost twice as fast for the four weeks ending May 15 compared to the same period in 2021, according to a May 19 press release by real estate brokerage…

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Adjustable Rate Mortgage Demand Rises as Home Buyers Search for Cheaper Loans

May 11, 2022
adjustable-rate mortgagesBusiness & Economyeconomymortgage applicationmortgage bankers associationmortgage interest ratesreal estateUSUS Real Estate
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Demand for adjustable rate mortgages (ARM) is increasing as homebuyers look for lower interest rates on loans and the share of ARM applications among total mortgage inquiries rises to its highest level in more than two decades, according to the Mortgage Bankers Association (MBA). Mortgage applications to buy a home rose by 5 percent for…

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Mortgage Applications Drop Following Rates Hike, Homes Begin Selling Cheaper

April 8, 2022
Business & Economyeconomymortgage applicationmortgage bankers associationmortgage interest ratesUS
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Applications for mortgages are dropping as mortgage interest rates keep rising while home sellers are lowering their prices as additional supply hits the market, according to multiple reports. The interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) was 4.90 percent in the week ending April 1, up from 4.80 percent…

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