Buyers rush to lock mortgages as rates move fast and furious
Buyers rush to lock mortgages as rates move fast and furious
Despite seeing the fastest one-month 30-year mortgage rate rise in nearly 13 years, an increase in purchase lock volume was “likely as prospective buyers moved to lock in their loans before rates climbed any higher,” Scott Happ, president of Black Knight’s Optimal Blue division, said in a statement.
The post Buyers rush to lock mortgages as rates move fast and furious appeared first on HousingWire.
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Despite seeing the fastest one-month 30-year mortgage rate rise in nearly 13 years, an increase in purchase lock volume was “likely as prospective buyers moved to lock in their loans before rates climbed any higher,” Scott Happ, president of Black Knight’s Optimal Blue division, said in a statement.
The post Buyers rush to lock mortgages as rates move fast and furious appeared first on HousingWire.
Despite seeing the fastest one-month 30-year mortgage rate rise in nearly 13 years, an increase in purchase lock volume was “likely as prospective buyers moved to lock in their loans before rates climbed any higher,” Scott Happ, president of Black Knight’s Optimal Blue division, said in a statement.
The post Buyers rush to lock mortgages as rates move fast and furious appeared first on HousingWire.
Few Move-Up Home Buyers With Higher Mortgage Rates
A house for sale in Long Beach, Calif. (AP Photo/Nick Ut)
Copyright 2008 AP. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A house for sale in Long Beach, Calif. (AP Photo/Nick Ut) Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. The simple arithmetic of home payments drives th...
Few Move-Up Home Buyers With Higher Mortgage Rates
A house for sale in Long Beach, Calif. (AP Photo/Nick Ut)
Copyright 2008 AP. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
A house for sale in Long Beach, Calif. (AP Photo/Nick Ut) Home sales are falling, down 20% in the last year. Big declines occurred among people thinking about moving up to a larger, nicer or newer house. The simple arithmetic of home payments drives th...
It’s an age-old question, at least when it comes to mortgage interest rates: Is it better to float your rate or lock in your mortgage? There are pros and cons to each, which can vary based on the overall economy, as well as unpredictable factors that can cause rates to go up or down.
It’s an age-old question, at least when it comes to mortgage interest rates: Is it better to float your rate or lock in your mortgage? There are pros and cons to each, which can vary based on the overall economy, as well as unpredictable factors that can cause rates to go up or down.
In September 2017, there were 148,874 companies set up to hold BTL properties compared to a count of 302,404 in September this year.
And this has risen from 260,862 from just one year ago. Hamptons expects this year to be a record one for incorporations of this type because it sees many existing landlords moving from having personal holdings to company holdings to offset higher mortgage interest rates against their tax bill.
The firm estimates that 40% of new ...
In September 2017, there were 148,874 companies set up to hold BTL properties compared to a count of 302,404 in September this year.
And this has risen from 260,862 from just one year ago. Hamptons expects this year to be a record one for incorporations of this type because it sees many existing landlords moving from having personal holdings to company holdings to offset higher mortgage interest rates against their tax bill.
The firm estimates that 40% of new ...
New mortgages written in metro Atlanta fell for the second consecutive month.
New mortgages written in metro Atlanta fell for the second consecutive month.
Mortgage demand continues to weaken, still right around a 22-year low, but there was a sign in the weekly numbers that first-time buyers may be slowly returning. Mortgage applications to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 21% lower than the same week one year ago. There was, however, a jump in demand for loans offering lower down payments. "Last week's purchase results varied, wi...
Mortgage demand continues to weaken, still right around a 22-year low, but there was a sign in the weekly numbers that first-time buyers may be slowly returning. Mortgage applications to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Volume was 21% lower than the same week one year ago. There was, however, a jump in demand for loans offering lower down payments. "Last week's purchase results varied, wi...
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
The numbers: Sales of new homes in the U.S. fell in April for the fourth month in a row to the lowest level since the pandemic owing to high prices and soaring mortgage rates. New sales slowed to a 591,000 annual rate from 709,000 in the prior month, the government said Tuesday. That’s how many homes would change hands in a full year if the number of sales were the same in every month as they were in April. Economists polled by The Wall Street Journal had forecast sales to take place at a 75...
Director Justin Lin has sold his Los Angeles loft, according to the Los Angeles Times. Originally on the market in January for $7 million, the historic penthouse was discounted to $6 million in March. It was sold in August for the still-impressive price of $5.5 million, which is a record for the downtown Los Angeles Arts District, reports the Times. Lin, producer of the “Fast and Furious” franchise, speeds away with a hefty profit for the live-work space, which he picked up for $2.6 million ...
Director Justin Lin has sold his Los Angeles loft, according to the Los Angeles Times. Originally on the market in January for $7 million, the historic penthouse was discounted to $6 million in March. It was sold in August for the still-impressive price of $5.5 million, which is a record for the downtown Los Angeles Arts District, reports the Times. Lin, producer of the “Fast and Furious” franchise, speeds away with a hefty profit for the live-work space, which he picked up for $2.6 million ...
As homebuyer traffic slows in North Texas, builders are cutting prices and getting increasingly creative with other incentives for buyers and real estate agents who bring clients to the table. Higher interest rates have eroded the confidence of prospective buyers and left builders struggling to stoke demand.
As homebuyer traffic slows in North Texas, builders are cutting prices and getting increasingly creative with other incentives for buyers and real estate agents who bring clients to the table. Higher interest rates have eroded the confidence of prospective buyers and left builders struggling to stoke demand.