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Mortgage

Rising rates hurt buyers more than home price rises, economist says

Home buying is getting harder, with mortgage rates on the rise again this week. This Thursday, they hit an average…

5 months ago

The Cons of an Adjustable Rate Mortgage

Over the last few years it has been an extreme seller's market characterized by low inventory and rising home prices.…

5 months ago

Why Mortgage Applications Continue to Decline

According to recent data, mortgage applications are at their worst in 22 years. Just a short time ago, it seemed everyone was…

5 months ago

Why a 15-Year Mortgage is Better than a 30-Year Mortgage

Nearly 87% of people who buy homes finance their home purchases. While many choose 30-year loans, some choose a 15-year mortgage. Financing a…

5 months ago

Refinance applications jump on wild swings in mortgage rates

Mortgage rates last week rebounded, having dropped towards the end of July. As a result, mortgage demand was split, with…

6 months ago

Mortgage applications rise amid strong demand for ARMs

Mortgage applications surprisingly jumped 8% last week compared to the previous seven day period, boosted by demand for adjustable-rate mortgages,…

7 months ago

More Home Buyers are Reaching for ARMs

The demand for homes remains robust. Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home…

8 months ago

Higher rates may prompt homeowners to stay put, but how will that impact inventory?

Approximately half of American homeowners who currently have a mortgage enjoy a rate of less than 4%. Given that interest…

9 months ago