Mortgage Rates Surge: +$1,800/month!

High mortgage rates cause monthly mortgages to spike $1,800 from pre-pandemic levels

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

CNBC's Diana Olick reports on recent mortgage rate volatility.

High Mortgage Rates Cause Avg Mortgage Payments to Spike by $1,800

realestateinvestingtoday realestateinvestingt... | 1 year ago

CNBC’s Diana Olick says recent mortgage rate volatility has caused monthly mortgages to spike $1,800 from pre-pandemic levels. Click on the image below to watch the report. Click here to watch at CNBC.com. Click here to see the current interest rates. The post High Mortgage Rates Cause Avg Mortgage Payments to Spike by $1,800 appeared first on Real Estate Investing Today.

Recession worries cause mortgage rates to cool

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

The 30-year average decreased for the second week in a row but still is almost 2% higher than its year-end 2021 level.

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

CNBC's Diana Olick joins 'The Exchange' to report on the mortgage rate spike and ongoing inventory issues in housing.

Rising rates cause layoffs at Phoenix-area mortgage firms

bizjournals bizjournals | 1 year ago

With mortgage interest rates hovering around 5.5%, the mortgage refinance business has plummeted, causing massive layoffs nationwide. Here's what's happening in Phoenix.

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...

Wild swings in mortgage rates cause rare surge in refinance demand

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

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

Home prices post fifth straight monthly drop—now down 23% from February peak - Mortgage Rates & Mo...

Canadian Mortgage Trends Canadian Mortgage Tr... | 1 year ago

Canada’s national average home prices fell for the fifth consecutive month in July, and is now down 23% since reaching a peak in February. The average price stands at $629,971, down 1.7% from June and 5% compared to a year ago, according to new data released by the Canadian Real Estate Association (CREA). National home sales were also down, posting a 5.3% month-over-month decline and a 29.3% drop year-over-year. “July saw a continuation of the trends we’ve been watching unfold for a few...

cmgfi cmgfi | 1 year ago

How to Lower Your Monthly Mortgage Payment Blog posted On September 29, 2022 Interest rates have risen, but there are still ways you can make your mortgage payment lower. Here are five ways you can lower your monthly mortgage payment. Buy Points Discount points can help lower your interest rate upfront. “They’re actually prepaid interest,” says Holden Lewis, home and mortgage expert at Nerdwallet. “When you pay discount points, you’re handing the lende...