Interest Rate Hike Declines Mortgage Application

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In: New Home Mortgage News

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Interest rates on residential mortgages fell 1.2% for the week finishing March 11 as mortgage rates increased to their most significant levels since May 2019, as indicated by the Mortgage Bankers Association’s most recent overview. “Mortgage rates keep on beingContinue Reading

Mortgage Applications fall by 5%

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In: New Home Mortgage News

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The housing market generally warms up during spring. However, after months of frantic buying, there are signs that it may finally be slowing down.  There was a decrease of 5% recorded in the number of mortgage applications compared to theContinue Reading