Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months
The Good Brigade | Digitalvision | Getty Images Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous…
Homebuilder deal activity is surging, fueled by major Japanese buyers
Exceptionally strong housing demand in the U.S. has large homebuilders in the driver’s seat and smaller builders ripe for takeover. The buyers are both domestic and Japanese. M&A activity in…
Mortgage demand stalls as financial markets digest Trump presidency
Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg |…
September home sales drop to lowest level since 2010
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to…
Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Mortgage interest rates rose last week…
Weekly mortgage demand drops as interest rates hit the highest level since August
A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images An abrupt…
Mortgage rates spike after jobs report
The average rate on the 30-year-fixed mortgage jumped 27 basis points Friday morning following the release of the government’s monthly employment report. The rate is now 6.53%, according to Mortgage…
Red hot refinance demand retreats after tiny bump higher in mortgage rates
Skynesher | E+ | Getty Images Mortgage rates moved ever so slightly higher last week, but it was enough to take a little heat out of what had been a…
China central bank tells lenders to cut rates on existing mortgages
The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability. Peng Song | Moment…