Tag Archives: jump

Mortgage rate soars closer to 5% in its second huge jump this week

The rate for the most common kind of mortgage just surged again. The average rate on the 30-year fixed mortgage shot significantly higher Friday, rising 24 basis points to 4.95%, according to Mortgage News Daily. It is now 164 basis points higher than it was one year ago. “That’s the second time this week, and […]

Connells sees profit jump 87% to £111m after Countrywide purchase

The firm adds that revenue jumped by 167% to £1bn in the 12 months to the end of December, as the enlarged business benefitted from the surge in homebuyer demand sparked by the stamp duty relief holiday. Connells completed its £130m takeover of Countrywide last March, making it the UK’s largest estate agency network. It […]

Mortgage rates jump back to higher, pre-Ukraine war levels

A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The war-induced drop in U.S. mortgage rates was short-lived. Rates popped up again this week to the highest level in nearly two years.  The average rate on the popular 30-year fixed mortgage hit 4.19% and then fell to 3.90% […]

Mortgage applications jump 8.5% as Russia’s war pressures rates

Mortgage applications jumped 8.5% for the week ending March 4, as mortgage rates dropped for the first time in three months as a result of Russia’s war in Ukraine, the Mortgage Bankers Association (MBA) reported on Wednesday. Borrowers’ demand for mortgages increased across the board. The MBA‘s seasonally adjusted refi index rose 8.5% from the previous week, […]