Meanwhile, the average rate for a three-year fix gained 5 basis points, moving to 5.91%, while the average rate for a five- and 10-year fix were static, at 5.63% and 5.47%, respectively. Two-year fixes The biggest change within this fix took place at 60% LTV, w. the average rate lost 8 basis points to come […]
Tag Archives: falls
Real Estate World
What $300,000 Buys You In Florida As Mortgage Demand FALLS & Mortgage Rates SKYROCKET!
03
Nov
Nov
In today’s video, we toured 2 homes for sale in Kissimmee and Orlando for under $340,000! Discussed currently interest rates & inventory in the US! I hope you enjoyed this video and can see the difference in prices Florida has to offer compared to most other states. Follow me on .: .kaleb_shaw_ If you are […]
19
Sep
Sep
A contractor uses a hammer on a home under construction in Antioch, California, on June 14.David Paul Morris/Bloomberg A gauge of U.S. homebuilder sentiment declined for a ninth straight month in September as mortgage rates continued to climb, further accelerating the housing-market cool-down. The National Association of Home Buyers/Wells Fargo gauge decreased by three points […]
16
Sep
Sep
Reserve Bank of Australia governor Philip Lowe says its next board meeting will be focused on whether it will raise the cash rate by 25 or 50 basis points. The central bank raised its cash rate to the highest point in seven years last week to fight above-target inflation, bringing its total tightening since May […]
01
Sep
Sep
A real estate consultant shows a condo to a prospective buyer in Miami, Florida. Joe Raedle | Getty Images After falling back earlier this month, mortgage rates began rising sharply again to the highest level since mid-July. That caused mortgage demand to pull back even further. Total mortgage application volume fell 3.7% last week compared […]
09
Aug
Aug
Home purchase sentiment tumbled to its lowest point in over a decade, despite an increasing number of indicators pointing to price moderation. A mixed response to changes in the housing landscape emerged based on findings in Fannie Mae’s Home Purchase Sentiment Index for July. Despite indications the housing market could slowly be moving toward greater […]
Real Estate World
Mortgage delinquency rate falls to historic low Serious delinquency level is still 45% higher than pre-pandemic
01
Jul
Jul
New home sales beat estimates, but what does it mean? Homebuilders have their own playbook By DDA Mortgage • 27 Jun, 2022 • New home sales beat the headline estimates and had positive revisions. How on earth did that happen? Not only that, the monthly supply data was revised lower from nine months to 8.3 […]
08
Jun
Jun
Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York. Newsday LLC | Newsday | Getty Images Mortgage rates are back on the upswing, after a brief decline in May, and the housing market is still suffering from a lack of listings. As a result, mortgage […]
05
Jun
Jun
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s […]
18
May
May
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 […]
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