Mortgage rates rose sharply Thursday, as bond yields surged, with the average rate on the 30-year fixed hitting 7.45%, according to Mortgage News Daily. While other outlets, like Freddie Mac, reporte�...
Mortgage rates soared to the highest level since 2024 last week, causing loan demand to fall back again and more borrowers to opt for riskier loans. Total application volume decreased 1.5% from the p�...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to v�...
The average rate on the popular 30-year fixed mortgage crossed over 7% on Thursday for the first time since May 2025, hitting 7.07%, according to Mortgage News Daily. That is an increase of 10 basis �...
Homebuyers continue to struggle amid higher mortgage rates and lofty home prices. Sales of previously owned homes fell 2% in August from July to 3.98 million units on a seasonally adjusted, annuali�...
Mortgage rates moved up again last week, prompting more borrowers to search for savings. They found that in riskier, adjustable-rate mortgages, or ARMs. Demand for those loans made up 8.5% of all m�...
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to v�...
Mortgage rates continue to move higher and that has demand for home loans stuck in place. It also, however, has more borrowers opting for riskier loans that offer lower rates. Total mortgage applica�...
A jump in oil prices after renewed hostilities in the Iran war is pushing bond yields higher, and mortgage rates are following suit. The average rate on the 30-year fixed loan jumped 6 basis points�...
Mortgage interest rates moved even higher last week, causing demand for loans to weaken yet again. Total mortgage application volume dropped 1% from the previous week, according to the Mortgage Ban�...