Demand for mortgages increased for the second straight week, despite some volatility in mortgage rates. Total application volume rose 6.5% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. related investing news The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) […]
Tag Archives: volatile
29
Aug
Aug
“The combination of higher mortgage rates and the slowdown in economic growth is weighing on the housing market,” said Sam Khater, Freddie Mac’s chief economist. “Home sales continue to decline, prices are moderating, and consumer confidence is low. But, amid waning demand, t. are still potential homebuyers on the sidelines waiting to jump back into […]
29
Jul
Jul
How brokers can navigate the “new normal” and thrive in an uncertain market was the theme of non-bank lender Pepper Money’s Insights Live in-person and streamed event on Wednesday. Industry heavyweights CoreLogic Asia Pacific head of research Tim Lawless, Wollongong broker and director of brokerage Mortgage Success Katrina Rowlands, Accendo Finance director Stuart Donaldson and […]
15
May
May
CEO says the first quarter was “challenging with historic volatility” source