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Mortgage Refinance Demand Plunges 60%, as Rates Hit Their Highest Level Since 2018
A sharp increase in mortgage rates causes a plunge in refinance demand.
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Home Prices Heated Up to Start the Year, With Huge Surges in Arizona and Florida, Says S&P Case-Shiller Report
Home prices picked up steam again in January after a brief pullback, even as mortgage rates increased.
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Mortgage Rate Soars Closer to 5% in Its Second Huge Jump This Week
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.
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Pending Home Sales Sink in February, Setting a Grim Tone as Housing Market Enters Key Spring Season
Higher mortgage rates are taking their toll on home sales, as a strong housing market begins to turn.
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Mortgage Refinance Demand Plunges 14%, as Interest Rates Spike Higher
Fast-rising mortgage rates are causing a drop in mortgage demand, especially refinances.
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Mortgage Rates Are Surging Faster Than Expected, Prompting Economists to Lower Their Home Sales Forecasts
Mortgage rates are rising far faster than economists had predicted, and some are now revising their home sales forecasts lower as a result.
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Home Sales Fell Far More Than Expected in February, as Mortgage Rates Rose and Supply Remained Tight
Rising mortgage rates are starting to take their toll on homebuyers. Sales fell far more than expected in February.
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Homebuilders' Sales Expectations Drop Dramatically, as Mortgage Rates Soar
Rising mortgage rates are starting to take their toll on homebuilder confidence, especially sales expectations.
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Mortgage Demand Falls as Interest Rates Surge to Multiyear Highs
A sharp jump in mortgage rates last week soured demand from both current homeowners and potential homebuyers, causing mortgage applications to drop.
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Mortgage Rates Jump Back to Higher, Pre-Ukraine War Levels
The average on the 30-year fixed is now around 4.25%, a full percentage point higher than it was one year ago.
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Brief Drop in Mortgage Rates Sparks Mini Refinance Boom
Borrowers rushed to take advantage of a brief drop in rates, but those rates are already on the rise again.
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Weak Mortgage Demand Could Get a Big Boost as Ukraine Crisis Causes Interest Rates to Drop Sharply
Mortgage demand fell last week as rates rose, but that may all change this week as rates drop again, and sharply.
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Mortgage Rates Plunge Just as Home Prices Set Another Record
Mortgage rates are sinking, and that means home prices are likely to continue surging.
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Mortgage Applications Drop to Lowest Level in Over 2 Years
Total mortgage applications decreased 13.1% last week to the lowest level since December 2019, according to the Mortgage Bankers Association.
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January Home Sales Jump 6.7% Despite a Record Low Supply
Sales of existing homes jumped far more than expected, even as supply hit another record low and prices rose significantly.
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Homebuilders' Confidence Falls as They Wait Months for Cabinets, Garage Doors and Appliances
Production delays for homebuilders are increasing costs and pricing out buyers. All that is weighing on builder sentiment.
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The Average Size of a New Mortgage Just Set a Record, as Home Prices Continue to Climb
Rising mortgage rates are crushing refinance demand, and higher home prices are causing purchase loan sizes to grow.
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Soaring Lumber Price Adds Nearly $19,000 to the Cost of a New Home
Lumber prices are rising again, adding to the cost of a newly built home and pushing rents higher for new apartments.
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Here's How Inflation Is Hitting Everything You Buy for Your Home
Inflation is causing sharp increases in prices for home remodeling goods.
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Homes Are Selling Faster Than Ever Before, and the Spring Market Is Just Around the Corner
Homes are selling incredibly fast due to fierce competition and record-low supply of homes for sale.