Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?

| Getty Images Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcem...

As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay

‘A ray of hope’: As mortgage rates fall for a fourth week, experts say homes may soon become affordable again — even if volatility is here to stay Mortgage rates are continuing their downward trend as...

What’s happening with the housing market? Mortgage rates, home prices and affordability

Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 ...

US Mortgage Rates Fall a Fourth Week, Longest Stretch Since 2019

(Bloomberg) — US mortgage rates fell for a fourth week in a row, the longest such stretch of declines since May 2019. Most Read from Bloomberg The contract rate on a 30-year fixed mortgage eased...

Mortgage demand falls again even as interest rates sink further

A “For Sale” sign in front of a home in Sacramento, California, on Monday, Dec. 5, 2022. David Paul Morris | Bloomberg | Getty Images Lower mortgage rates are pulling some current homeowne...

The 3 Best-Performing Mortgage REITs Over The Past 4 Weeks

This year will long be remembered as one of the worst for real estate investment trust (REIT) stocks, and mortgage REITs (mREITS) declined more than most. Over the past 52 weeks, many of the mREITs we...

270,000 homebuyers who bought in 2022 are underwater on their mortgage

About 270,000 homebuyers who bought during the red-hot housing market this year already owe more than their house is worth, a new analysis found. Among the 450,000 underwater borrowers in the third qu...

Is The Real Estate Market Slowing Down Due To Mortgage Rates?

| Getty Images Key Takeaways Mortgage rates have nearly tripled since this time a year ago. However, housing prices have continued to rise, making new mortgages unaffordable. Overall, the result is a ...

Homebuyers should heed old shopping adage as mortgage rates seesaw

Mortgage rates hit their highest level in 22 years last month before retreating for the last three weeks. Experts say homebuyers can use this volatility to their advantage — especially as more lenders...

‘Optimism grows’ as mortgage rates post biggest three-week drop since 2008 — but despite this ‘silver lining,’ experts see dark clouds ahead

‘Optimism grows’ as mortgage rates post biggest three-week drop since 2008 — but despite this ‘silver lining,’ experts see dark clouds ahead Mortgage rates continued their plunge from a peak of 7.08% ...

Home Buyers Could Soon Get $1 Million Mortgage With 3% Down Payment

To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for h...

Mortgage Rates Fall As Inflation Eases And Fed Signals Smaller Hikes Ahead

Fed officials signal the pace of rate hikes may slow. getty Mortgage rates fell to a two-month low this week as bond investors bet inflation will continue easing and the Federal Reserve signaled it wi...

Mortgage rates fall for the third straight week, but demand still drops further

A For Sale sign appears in front of a house on Oak Street in Patchogue, New York, on May 17, 2022. Steve Pfost | Newsday | Getty Images Mortgage rates soared over 7% just a month ago, but since then t...

Mortgage Firm Files for Bankruptcy Amid Housing Market Deep Freeze

(Bloomberg) — Starwood Capital-backed home lender Reverse Mortgage Funding LLC filed for Chapter 11 bankruptcy, the latest company to succumb amid a rapid run-up in mortgage rates. Most Read fro...

GSE Loan Limits Now Above $1 Million

ATHERTON, CA – JULY 12: A mansion style home is seen July 12, 2005 in Atherton, California. … [+] According to a recent survey by Forbes.com, Atherton, a small town in the heart of silicon...

In mid-November, mortgage rates saw their biggest decline since 1981. Here’s what 6 pros say will what happen next

The latest mortgage rates Getty Images/iStockphoto For most of 2022, the trend of mortgage rates was generally up and then up some more. But in mid-November something big happened: Thanks to better-th...

A brief ‘window of opportunity’ is now open for homebuyers as mortgage rates fall, but experts warn of a ‘longer term war that is not yet over’

A brief ‘window of opportunity’ is now open for homebuyers as mortgage rates fall, but experts warn of a ‘longer term war that is not yet over’ While turkey and pies were significantly more expensive ...

Mortgage Demand Down Up To 88% From This Time Last Year

Nov. 17. (AP Photo/Nam Y. Huh) Copyright 2022 The Associated Press. All rights reserved. Key Takeaways Mortgage refinance applications are down 88% since this time last year, with new mortgage applica...

Mortgage demand rises as interest rates decline slightly

A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Mortgage applications rose 2.2% last week compared with the previous week, prompted by a slight d...

Bloomberg Analyst Explains Key Difference Between Current Crypto Crisis and Mortgage Meltdown of 2008

Alex Dovbnya Mortgage market helped people to get homes, while cryptocurrency market remains mostly useless, according to Joe Weisenthal Joe Weisenthal, co-host of Bloomberg’s Odd Lots podcast, ...

What’s The Outlook For The Housing Market?

(Photo by David McNew/Getty Images) Getty Images Key Takeaways Housing sales have fallen for the ninth consecutive month, with transactions down 28.4% compared to this time last year. Average prices h...

Mortgage REIT Lument Finance Trust Drops To Another New Low

Lument Finance Trust Inc. (NYSE: LFT), a New York-based real estate investment trust (REIT), declined in price this week to another new 52-week low. Many REITs have been bouncing off of lows in Novemb...

Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’

Mortgage rates just took the biggest plunge since 1981 — but analysts say the market is ‘not out of the woods yet’ Mortgage rates tumbled by their biggest weekly drop in four decades after new data su...

How to afford a mortgage as interest rates and home prices rise

It’s no secret that it’s a tough market for prospective home buyers. In October, U.S. buyers needed to earn $107,281 to afford the median monthly mortgage payment of $2,682 for a “ty...

Why Did Mortgage Rates Suddenly Drop?

| Getty Images Key Takeaways Rates for 30-year fixed rate mortgages dropped below 7% the first week of November. Rates have been moving higher for most of 2022, rising from around 3% to over 7%. More ...

Sharp drop in mortgage rates does little to boost demand

A home for sale in the Mission Hills area of Los Angeles Tuesday, Oct. 11, 2022 in Mission Hills, CA. Brian Van Der Brug | Los Angeles Times | Getty Images Mortgage application volume rose 2.7% last w...

Homebuyers and sellers have never been this ‘pessimistic’ as mortgage rates creep above 7% — here’s what the experts say about the chances of a crash or rebound

Homebuyers and sellers have never been this ‘pessimistic’ as mortgage rates creep above 7% — here’s what the experts say about the chances of a crash or rebound Mortgage rates inched over 7% again fol...

Mortgage rates fall sharply to under 7% after inflation eases

A ‘For Sale’ sign is posted in front of a single family home on October 27, 2022 in Hollywood, Florida. Joe Raedle | Getty Images Mortgage rates fell sharply Thursday after a government re...

Weekly mortgage demand flattens, as interest rates climb even higher

A man enters a Bank of America branch in New York. Scott Mlyn | CNBC Mortgage rates rose again last week, throwing even more cold water on demand from both current homeowners and potential homebuyers....

‘Only time will tell if September was the nadir:’ Zillow reports sharp home-value declines in these cities, amid grim outlook for U.S. housing market

Winter is coming, and the real-estate market is slowly coming to a standstill. According to a new report by Zillow Z, -1.63%, the typical home in the U.S. saw its value barely inch up between Septembe...

Why Are Mortgage Rates Going Up In November 2022?

| Getty Images Key Takeaways Average mortgage rate currently stands at 6.95% for a 30-year loan and 6.29% for a 15-year loan. Experts believe mortgage rates will be contained to a narrow window as we ...

Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs

Topline Though the labor market’s overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a ra...