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...

Mortgage rates surge to a 20-year high, leading to steep decline in home sales

The numbers: Mortgage rates have risen to the highest level in 20 years. The 30-year fixed-rate mortgage averaged 6.94% as of October 20, according to data released by Freddie Mac on Thursday.  That’s...

‘Some companies are closing their doors, others are shutting down divisions’: Rocket CEO outlines plans to navigate the dramatic decline in mortgages

The mortgage industry is struggling with higher rates and a sharp drop in buyer demand. Rocket RKT, +0.53% says it’s got a plan to turn things around. There’s turmoil in the sector. Volume of originat...

Chinese Banks Lose a Mortgage Safety Net as Developers Slide Into Distress

Listen to article (2 minutes) China is increasingly counting on its banks to step up mortgage lending and help boost a sinking housing market. But there is a problem: Lenders are stuck with many mortg...

‘No sign of a rebound’: Mortgage applications hit 22-year lows, as home buyers pull back

The numbers: As mortgage rates head towards 6%, would-be home buyers continue to stay on the sidelines, putting off purchases and refinances. Weak demand from buyers is reflected in the Market Composi...

Bank of America draws mixed reviews for zero-down-payment mortgages aimed at boosting Black and Hispanic home ownership

Bank of America Corp. is drawing a mixed reaction in social media to a zero-down-payment mortgage program aimed at bringing first-time home ownership within closer reach of more African American and H...

Hot Housing Market Keeps Home Foreclosures at Bay

The U.S. moratorium on home foreclosures ended nearly a year ago, but the sizzling housing market is still protecting many delinquent mortgage borrowers from losing their homes. The pandemic that wipe...

What the Fed Rate Hike Means for Your Savings, Credit Cards and Loans

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Foreclosures have jumped 70%. Here’s what that says about the housing market

The foreclosure uptick indicates that the economic — and especially employment recovery — is not complete, an expert says. Getty Images Foreclosures are up, and that’s something potential homebuyers a...

Mortgage Rates Surge. The Pandemic’s Ultralow Rates Are Over.

Text size The average rate of a 30-year fixed-rate mortgage was 3.45% this week. Brandon Bell/Getty Images Mortgage rates climbed to their highest point since March 2020, according to data released Th...