Borrowing costs have risen more than the benchmark Treasury yields they track, pushing up interest rates for buyers Applications for purchase mortgages dropped to their lowest levels since 1995, the Mortgage Bankers Association said this week.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mortgage demand from homebuyers drops to a 28-year low as interest rates soarMortgage rates jumped last week to the highest level in 23 years.
Source: NBCDFW - 🏆 288. / 63 Read more »
Bay Area home prices, home sales continue to fall as mortgage rates hit record highsThe Bay Area saw another drop in home prices last month, as mortgage rates continued to soar.
Source: KTVU - 🏆 465. / 53 Read more »
Mortgage Rates Hit 7.23%, the Highest Since 2001Buyers continue to pull back because of low supply and higher rates: the volume for applications for home purchase loans is at its lowest level since 1995.
Source: MarketWatch - 🏆 3. / 97 Read more »
US mortgage rates will create ‘dire’ situation for real estate market, expert warnsA 'dire' real estate situation will 'take longer this time' to hit the U.S. market than before, according to TJM Institutional Services managing director James Iuorio.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Home buyers flee the housing market as mortgage rates surge to the highest level since 2000Mortgage applications fell 4.2% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.31%.
Source: MarketWatch - 🏆 3. / 97 Read more »