Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.

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Adjustable-rate mortgage demand doubles as interest rates hit the highest since 2009

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Sharply rising mortgage rates caused mortgage demand to plunge and pushed more borrowers to riskier, adjustable-rate loans.

Adjustable-rate mortgage demand surges as interest rates jump sharply

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'Squawk Box' to break down the demand for adjustable-rate mortgages, according to the Mortgage Bankers Association.

Total mortgage apps up 2% as rates rise, adjustable-rate mortgage demand surges

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'Squawk Box' to break down the Mortgage Bankers Association's latest weekly mortgage rate application data.

Demand for adjustable-rate mortgages surges, as interest rates make biggest jump in 13 years

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Mortgage applications to purchase a home rose 8% last week compared with the previous week, bolstered in part by demand for adjustable-rate mortgages, according to the Mortgage Bankers Association's seasonally adjusted index. Applications were, however, 10% lower than they were in the same week one year ago. A big jump in mortgage rates may have actually spurred homebuyer demand, perhaps as consumers worried rates would move even higher. Mortgage rates surged to the highest level since 2008, whi...

Mortgage demand dipped as the Fed announced interest rate hike

housingwire housingwire | 1 year ago

Potential homebuyers stayed on the sidelines the week of Nov. 4, causing mortgage demand to dip as the Fed announced another interest rate hike.

Mortgage Rates Watch April 2022: Mortgage Rates Hit Highest Since January 2019

mashvisor@www.mashvisor.com mashvisor@www.mashvi... | 2 years ago

Mortgage rates play a very crucial role in the real estate industry. With the way things are going today, what can investors expect in 2022? Mortgages Have Swiftly Increased in…

Mortgage interest rates surge past 7%, hit highest level since 2002

latimes latimes | 8 months ago

Mortgage interest rates surpassed 7% this week, dealing another blow to potential homeowners who now face the highest borrowing costs since 2002.

Mortgage demand slides further, even as interest rates pull back slightly

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

Mortgage rates turned lower for the second straight week, according to the Mortgage Bankers Association.

Mortgage demand hits lowest level since 2018 as rates hit 13-year high

Broadcast Media Production and... Broadcast Media Prod... | 1 year ago

CNBC's Diana Olick joins 'Squawk Box' to break down the latest batch of weekly mortgage application data.

Adjustable-rate mortgage applications rise in Tampa Bay alongside climbing interest rates

bizjournals bizjournals | 1 year ago

Adjustable-rate mortgage applications hit a 14-year high of 11% of total mortgage applications in May, according to a Mortgage Bankers Association report. ARMs, which played a central role in the 2008 housing market collapse, are trending upward in Tampa Bay alongside rising interest rates, but they aren’t a reason for concern, according to Bank of Tampa Pinellas Market President Owen LaFave. “The product has changed a lot since the last [economic] cycle. It’s not as risky,” LaFave to...