Mortgage

Total mortgage application volume fell 2.9% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. After rising sharply for several [...]

  Inflation ticked up in July and the benchmark interest rate is already at a 22-year high. With homebuyers already squeezed by current economic conditions, more unwelcome news came out on [...]

With months of promising signs that inflation was finally cooling, many homebuyers were cautiously optimistic that interest rates would be coming down later this year and into 2024. But after a [...]

The average 30-year fixed mortgage rate hit 6.81% this week, a new high for the year and a 1.5% leap from a year ago, according to Freddie Mac. Consistently high mortgage rates are another [...]

Home prices fell from a year ago for the first time since 2012, a sign that rising interest rates have begun to weigh on the market. Prices declined 0.2% nationally in April after rising 0.7% in [...]