As mortgage applications pull back, lenders say housing demand still strong
As mortgage applications pull back, lenders say housing demand still strong
Fidelity Bank's Dustin Girrens said when he talks with those in residential real estate, he is hearing about bidding and pricing dipping from the extremes of the last two years. “Does that mean they’re (prices) coming down a lot? No.”
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Fidelity Bank's Dustin Girrens said when he talks with those in residential real estate, he is hearing about bidding and pricing dipping from the extremes of the last two years. “Does that mean they’re (prices) coming down a lot? No.”
Fidelity Bank's Dustin Girrens said when he talks with those in residential real estate, he is hearing about bidding and pricing dipping from the extremes of the last two years. “Does that mean they’re (prices) coming down a lot? No.”
Mortgage rates turned lower for the second straight week, according to the Mortgage Bankers Association.
Mortgage rates turned lower for the second straight week, according to the Mortgage Bankers Association.
Lending standards tightened in July with the mortgage credit availability index (MCAI) seeing the largest drop since April 2020.
The post Mortgage credit availability sinks in July as lenders pull back appeared first on HousingWire.
Lending standards tightened in July with the mortgage credit availability index (MCAI) seeing the largest drop since April 2020.
The post Mortgage credit availability sinks in July as lenders pull back appeared first on HousingWire.
The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. Fast-rising mortgage rates have caused once-frenzied homebuyers to turn on their heels and become worried about their potential investment and the health of the overall economy. "There's this cliff that's happening in January," said Gene Myers, CEO of Thrive Homebuilders in the Denver area, which was one of the hottest markets in the years lead...
The once-hot housing market is cooling off at an alarming rate, and some homebuilders say it will only get worse come the new year as new orders dry up. Fast-rising mortgage rates have caused once-frenzied homebuyers to turn on their heels and become worried about their potential investment and the health of the overall economy. "There's this cliff that's happening in January," said Gene Myers, CEO of Thrive Homebuilders in the Denver area, which was one of the hottest markets in the years lead...
The median sales price jumped just over 5% in July in the metro area to $369,450.
The median sales price jumped just over 5% in July in the metro area to $369,450.
Active-adult communities lean into social clubs, classes and resort-style amenities, something for which older residents with accumulated wealth are willing to pay a premium, Atlanta homebuilders say.
Active-adult communities lean into social clubs, classes and resort-style amenities, something for which older residents with accumulated wealth are willing to pay a premium, Atlanta homebuilders say.
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index, to the lowest level since 1997. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increa...
The highest mortgage rates in more than 20 years coincided with one of the deadliest hurricanes on record in the United States, both contributing to a steep drop in mortgage demand. Total mortgage application volume fell 14.2% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index, to the lowest level since 1997. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increa...
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
CNBC's Diana Olick joins 'Squawk Box' to break down how rising mortgage interest rates are impacting mortgage applications, particularly refinancing demand.
Developer 3L Real Estate has emptied the offices in its building along the Milwaukee River that also houses Rock Bottom Brewery and targets early summer 2023 to complete its conversion into 133 apartments.
Developer 3L Real Estate has emptied the offices in its building along the Milwaukee River that also houses Rock Bottom Brewery and targets early summer 2023 to complete its conversion into 133 apartments.
Aston Martin Residences is seeing such huge demand they've even increased the price of their marquee penthouse from $50 million to $59 million
Aston Martin Residences is seeing such huge demand they've even increased the price of their marquee penthouse from $50 million to $59 million