After Falling For Two Weeks Mortgage Rates Resume Their Climb

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In: Mortgage News

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This month marked the first time when mortgage rates in the US experienced an upward trend. Freddie Mac’s latest statement highlights the steady growth in the average rate for a 30-year, fixed loan, standing at a competitive 6.39% this weekContinue Reading

Mortgage Rates Move With the Bond Market

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In: Mortgage News

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Fed officials said this week that despite some signs of improvement, it was too early to declare victory in the battle to return inflation to the 2% target.  This may dampen optimism about the rapid recovery of the mortgage sector. Continue Reading

As The Mortgage Rates Continue Their Downward Trend What Does It Mean For Housing Market?

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In: Mortgage News

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The Federal Reserve’s decision to slow the pace of rate hikes this week has pushed mortgage rates lower – even as the central bank reiterated that it will continue to firm the economy next year.  These lower rates are encouragingContinue Reading

In Spite Of Rate Drop In November The Rate Lock Volume Drops By 68 Percent

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In: New Home Mortgage News

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Despite the Federal Reserve’s efforts to curb inflation, mortgage rates fell in November, but low-interest rates weren’t enough to convince homebuyers to lock up their mortgages in the market due to high volatility. Dollar-specific volume fell 21.5% month-on-month in November,Continue Reading

Mortgage Rates Continue Downward Trend But Just Not Enough

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In: Mortgage News

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Mortgage rates continued their downward trend this week amid signs that the US economy is cooling down due to monetary policy tightening.  However, recent markdowns have not been enough to convince borrowers to take out a home loan. Danielle Hale,Continue Reading

Mortgage Rates-Will the Fed Provide Loan Relief?

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In: Mortgage News

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The recent drop in mortgage rates has given some hope that borrowers may develop a greater appetite for home loans.  But even if the rate falls between 6s, the market is still far from “normal” and as a result, industryContinue Reading

Mortgage Rates Fall-Expected Increases Could Drive Potential Homebuyers Out of the Market

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In: Mortgage News

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Freddie Mac reported that average long-term mortgage rates fell about 0.5% on Thursday.  However, expected increases in interest rates over the next few months could drive potential homebuyers out of the market.  According to the latest data from Freddie Mac,Continue Reading

Mortgage Rates Are Down But It May Not Be A Turning Point

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In: Mortgage News

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Some lenders saw a sharp increase in mortgage demand from borrowers after interest rates fell last week due to low inflation.  Still, executives and lenders say it’s too early to call this a turning point in the shrinking mortgage market. Continue Reading

Future Rates Expected To Rise In spite Of Inflation Being Slowed Down

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In: Mortgage News

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Consumer prices continued to rise in October, but at a slower annual pace, suggesting the Fed’s interest rate hikes are putting pressure on consumer spending. The consumer price index (CPI) rose 7.7% in October from a year earlier. According toContinue Reading

Increasing Mortgage Rates Push Borrowers To Seek All Other Possible Options

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In: Refinance News

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With mortgage rates rising above 7 percent, alternatives like temporary interest reductions and down payment assistance programs are becoming more popular, lenders say. Borrowers are now looking for options to lower their down payment and expect interest rates to dropContinue Reading