(408) 827-5745
The Business Journals |
1 year ago
Report post
Report user
Block user
bizjournals

Atlanta loan officers face layoffs as high interest rates pummel mortgage industry

Atlanta loan officers face layoffs as high interest rates pummel mortgage industry

You can contact us to get more choices
0
You can contact us to get more choices
Related posts
Atlanta loan officers face layoffs as high interest rates pummel mortgage industry
Atlanta loan officers face layoffs as high interest rates pummel mortgage industry
Atlanta loan officers face layoffs as high interest rates pummel mortgage industry
Atlanta loan officers face layoffs as high interest rates pummel mortgage industry
bizjournals bizjournals | 1 year ago
Rising mortgage rates are culling the home lending industry, which ballooned while rates settled near historic lows over the first two years of the pandemic.
Rising mortgage rates are culling the home lending industry, which ballooned while rates settled near historic lows over the first two years of the pandemic.
How to Beat High Mortgage Interest Rates
How to Beat High Mortgage Interest Rates
How to Beat High Mortgage Interest Rates
How to Beat High Mortgage Interest Rates
The New York Times The New York Times | 1 year ago
It was hard enough for home buyers when the coronavirus pandemic made finding available homes so difficult. Now, with mortgage rates for 30-year, fixed-rate loans climbing over 6 percent in September, from a low of around 2.6 percent at the start of 2021, affording those homes is also much more challenging. While 30-year, fixed-rate mortgages are the norm, 15-year, fixed-rate loans come with lower rates (though the monthly payments are higher). A recent study by the online loan marketplace Lendi...
It was hard enough for home buyers when the coronavirus pandemic made finding available homes so difficult. Now, with mortgage rates for 30-year, fixed-rate loans climbing over 6 percent in September, from a low of around 2.6 percent at the start of 2021, affording those homes is also much more challenging. While 30-year, fixed-rate mortgages are the norm, 15-year, fixed-rate loans come with lower rates (though the monthly payments are higher). A recent study by the online loan marketplace Lendi...
Mortgage demand drops further as interest rates shoot back to June high
Mortgage demand drops further as interest rates shoot back to June high
Mortgage demand drops further as interest rates shoot back to June high
Mortgage demand drops further as interest rates shoot back to June high
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now rates are heading past 6% yet again, causing already beleaguered mortgage demand to fall even further. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.94% last week from 5.80% the previous week, for loan...
In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now rates are heading past 6% yet again, causing already beleaguered mortgage demand to fall even further. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.94% last week from 5.80% the previous week, for loan...
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
Mortgage applications plunge as interest rates surge
cnbc cnbc | 2 years ago
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.
Refinancing market โ€˜dries upโ€™ in Atlanta as mortgage rates rise
Refinancing market โ€˜dries upโ€™ in Atlanta as mortgage rates rise
Refinancing market โ€˜dries upโ€™ in Atlanta as mortgage rates rise
Refinancing market โ€˜dries upโ€™ in Atlanta as mortgage rates rise
bizjournals bizjournals | 2 years ago
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
Rising mortgage rates are not making an impact on raging demand for home purchases. Demand for refinancing is another story.
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Weekly mortgage applications drop 1.2% as mortgage rates remain high
Broadcast Media Production and... Broadcast Media Prod... | 1 year ago
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
CNBC's Diana Olick joins 'Squawk Box' to break down the latest weekly mortgage application data.
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
noradarealestate noradarealestate | 1 year ago
Forecast: How High Will Mortgage Rates Go in 2022 Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending. Bond yields and mortgage rates declined throughout these times. Mos...
Forecast: How High Will Mortgage Rates Go in 2022 Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending. Bond yields and mortgage rates declined throughout these times. Mos...
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
Mortgage Interest Rates Forecast 2022: How High Will Rates Go?
noradarealestate noradarealestate | 1 year ago
Forecast: How High Will Mortgage Rates Go in 2022 Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending. Bond yields and mortgage rates declined throughout these times. Mos...
Forecast: How High Will Mortgage Rates Go in 2022 Mortgage rates have risen since the start of 2022, reflecting investors' concerns that the economy is heating up and that the Fed will cool it down and reign in inflation. U.S. Treasury bond rates, which mortgage rates follow, encountered two tough patches this year: in late February, when Russia invaded Ukraine, and in mid-May when investors worried about poor consumer spending. Bond yields and mortgage rates declined throughout these times. Mos...
U.S. mortgage applications decline as rates hit 12-year high
U.S. mortgage applications decline as rates hit 12-year high
U.S. mortgage applications decline as rates hit 12-year high
U.S. mortgage applications decline as rates hit 12-year high
In-depth analysis, data and st... In-depth analysis, d... | 2 years ago
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity
forbes forbes | 1 year ago
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity Stocks are in bear market territory, crypto is crashing and recession fears keep rising. Adding to 2022โ€™s turmoil, the housing market is showing troubling signs as rising interest rates result in reduced mortgage activity and job cuts after two years of surging growth. Major brokerages, mortgage lenders, and property-tech companies have all announced varying degrees of layoffs over the last few months and experts expect the trend to...
Mortgage Layoffs Surge As Rising Rates Crush Lending Activity Stocks are in bear market territory, crypto is crashing and recession fears keep rising. Adding to 2022โ€™s turmoil, the housing market is showing troubling signs as rising interest rates result in reduced mortgage activity and job cuts after two years of surging growth. Major brokerages, mortgage lenders, and property-tech companies have all announced varying degrees of layoffs over the last few months and experts expect the trend to...