Tag Archives: demand

Hottest housing markets in the US: Why Denver, Dallas, Phoenix and Tampa real estate are in demand

Yahoo Finance looks at why Denver, Dallas, Phoenix and Tampa real estate has experienced and increase in demand as prices for homes continue to rise in these cities. This segment originally aired on April 29, 2022. Kathy Casey, Coldwell Banker Residential Brokerage Realtor and Broker Associate, sits down with Yahoo Finance Live to break down […]

Homebuilder sentiment falls to 2-year low on declining demand, rising costs

Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell sharply in May, as mortgage rates shot higher and building material costs showed no […]

Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market

A newly sold home is shown in Houston, Texas. Brandon Bell | Getty Images It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower rates. […]

Total mortgage apps up 2% as rates rise, adjustable-rate mortgage demand surges

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. CNBC’s Diana Olick joins ‘Squawk Box’ to break down the Mortgage Bankers Association’s latest weekly mortgage rate application data. 02:25 Wed, May 11 20228:23 AM EDT source

Why HELOC demand will surge

Between February 2020 and January 2022, we witnessed something in the mortgage industry that we thought we’d never see — 30-year fixed-rate mortgages under 3.5%. These rates drew a record number of people refinancing their homes, with cash out refinances reaching $1.2 trillion in 2021. Then, in what felt like an instant, in Q1 2022 mortgage rates […]

Weekly mortgage demand rose for the first time since early March last week, but it won’t last

Real estate listings Adam Jeffery | CNBC A brief calm in the midst of a rising interest rate storm boosted weekly mortgage demand ever so slightly last week, but it is unlikely to be the start of a new trend. Rates have already moved sharply higher this week. Total mortgage application volume rose 2.5% for […]

Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Mortgage rates moved even higher last week, crashing refinance demand and prompting potential homebuyers to apply for riskier loan products which offer lower rates. Total mortgage application volume fell 8.3% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Demand is now half of what it was a […]

Mortgage demand hits lowest level since 2018 as rates hit 13-year high

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. Squawk Box CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest batch of weekly mortgage application data. 01:16 Wed, Apr 27 20228:15 AM EDT Diana Olick source

Mortgage refinance demand drops 62% year-over-year as rates rise

ShareShare Article via FacebookShare Article via .Share Article via LinkedInShare Article via E. CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest mortgage rate and application data from the Mortgage Bankers Association. 01:43 Wed, Apr 13 20228:06 AM EDT source