FHA borrowers are getting hammered by rising rates - HousingWire
FHA borrowers are getting hammered by rising rates - HousingWire
A huge uptick in mortgage rates have cut pre-approvals for FHA borrowers significantly in recent weeks. With home prices still climbing, they are facing an unbelievably cruel market.
The post FHA borrowers are getting hammered by rising rates appeared first on HousingWire.
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A huge uptick in mortgage rates have cut pre-approvals for FHA borrowers significantly in recent weeks. With home prices still climbing, they are facing an unbelievably cruel market.
The post FHA borrowers are getting hammered by rising rates appeared first on HousingWire.
A huge uptick in mortgage rates have cut pre-approvals for FHA borrowers significantly in recent weeks. With home prices still climbing, they are facing an unbelievably cruel market.
The post FHA borrowers are getting hammered by rising rates appeared first on HousingWire.
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
U.S. consumers expect mortgage rates to increase substantially over the next several years, with households on average projecting rates of 6.7% a year from now and 8.2% in three years, according to a survey released by the New York Federal Reserve.
Solid housing permits and starts for March don't reflect the reality of a housing market dealing with higher mortgage rates.
The post Housing completions held hostage by rising mortgage rates appeared first on HousingWire.
Solid housing permits and starts for March don't reflect the reality of a housing market dealing with higher mortgage rates.
The post Housing completions held hostage by rising mortgage rates appeared first on HousingWire.
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
For the first time in a decade, home prices in Southern California are definitively falling. After 10 years of largely uninterrupted gains, home values have turned negative, the result of rising mortgage rates that have squashed demand and caused sales to plummet. The typical Southern California home price is now nearly 6% below the all-time high reached in May, according to data released Wednesday by Zillow. In September, the typical home price for the six-county region dropped 0.6% from Augus...
It's official. Interest rates have topped 7 percent on a 30-year fixed-rate mortgage, more than double what it was a year ago. But will the Fed's scramble to slow the U.S. economy bring the Triangle's hot housing market to a standstill?
It's official. Interest rates have topped 7 percent on a 30-year fixed-rate mortgage, more than double what it was a year ago. But will the Fed's scramble to slow the U.S. economy bring the Triangle's hot housing market to a standstill?
Is the spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation?
Is the spread heading to what happened in the 1970s and 1980s when the Fed battled blow-out inflation?
Mortgage applications rose for the second straight week even as mortgage rates rose to 5.53%, the MBA reports.
The post Mortgage applications rise despite higher rates appeared first on HousingWire.
Mortgage applications rose for the second straight week even as mortgage rates rose to 5.53%, the MBA reports.
The post Mortgage applications rise despite higher rates appeared first on HousingWire.
Purchase mortgage rates this week averaged 5.11%, up 11 basis points fromย 5% a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.97%.
The post Purchase mortgage rates climb to 5.11% appeared first on HousingWire.
Purchase mortgage rates this week averaged 5.11%, up 11 basis points fromย 5% a week ago. A year ago at this time, 30-year fixed-rate purchase rates were at 2.97%.
The post Purchase mortgage rates climb to 5.11% appeared first on HousingWire.
Todayโs mortgage and refinance ratesย Average mortgage rates fell yesterday. But the movement was smaller than either Monday or Tuesdayโs rises. And it may be a welcome breather for those [โฆ]
Todayโs mortgage and refinance ratesย Average mortgage rates fell yesterday. But the movement was smaller than either Monday or Tuesdayโs rises. And it may be a welcome breather for those [โฆ]
Todayโs mortgage and refinance ratesย Average mortgage rates rose yesterday, setting a new recent high. Indeed, itโs a new high for longer than just recently: You have to go back [โฆ]
Todayโs mortgage and refinance ratesย Average mortgage rates rose yesterday, setting a new recent high. Indeed, itโs a new high for longer than just recently: You have to go back [โฆ]