Mortgage rates rise as demand continues to slide
In a wide-ranging interview on Cavuto: Coast to Coast, Corcoran Group founder and Shark Tank star Barbara Corcoran discusses real estate market trends and challenges. Mortgage rates rose slightly this week as demand continues to fall amid the housing price crisis. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the average benchmark […]
Food, Mortgage Inflation Making People Not Feel ‘Actual Reality’
On CNN’s “AC360” broadcast Thursday, CNN political commentator and former Obama adviser Van Jones said the economy is an issue for President Joe Biden where “the physical reality and the emotional reality don’t match.” said. Make people feel good. When food prices stay high and housing prices stay high, people feel like the whole thing […]
Mortgage rates dropped this week, but mortgage applications also declined
Mortgage interest rates have dropped to 6.79% for 30-year mortgages. (iStock) Mortgage interest rates continued to decline slightly this week. Freddie Mac reported. The average interest rate on a 30-year fixed-rate mortgage was 6.79%, down from last week’s average of 6.87%. At this time last year, mortgage rates for 30-year mortgages averaged 6.35%, near the […]
Tunnel to Towers Foundation to Pay Off Mortgage on Home of Slain NYPD Officer Diller
The Tunnel to Towers Foundation works to support the family of a fallen NYPD officer who left behind a wife and 1-year-old son. The foundation is swore The organization announced Thursday that it will pay off the mortgage on the officer’s home in Massapequa Park, Long Island. WATCH — Honorary NYPD Police Officer Jonathan Diller […]
Mortgage lending took a huge dip in Q4, but there’s hope for spring housing: report
Housing supply is improving as the spring home buying season approaches. (iStock) Mortgage lending continued to decline significantly in the fourth quarter of 2023, but recent reports indicate that things are starting to turn around. According to the newspaper, soaring house prices, soaring borrowing costs and weak housing supply have pushed lending rates to their […]
Mortgage rates crawl toward 7% but market optimistic: Freddie Mac
Higher mortgage rates weren’t enough to dampen the mood in the housing market last week. (iStock) Mortgage rates hit a new high this week, but the slow rise to 7% does not dampen hopes for home construction and lower borrowing costs this year, Freddie Mac said. The average interest rate on a 30-year fixed-rate mortgage […]
Mortgage rates rise toward 7% after declining for prior 2 weeks
Redfin CEO Glenn Kelman discusses some “promising” housing market trends on “Cavuto: Coast to Coast.” Mortgage rates are rising again, spiking this week to near 7%, as economists warn that interest rates are likely to remain high for longer than previously expected. The average interest rate on the benchmark 30-year fixed mortgage rose to 6.87% […]
Mortgage rates to stay above 6% through 2025, Fannie Mae says
Zillow economists warn that 7% mortgage rates could become the new normal, Kevin Mahn, president and CIO of Hennion & Walsh Asset Management, said on The Big Money Show I reacted to that. Fannie Mae raised its outlook for mortgage rates just a month ago, saying rates will remain high for longer than previously thought […]
Mortgage rates continue to drop as spring brings more inventory: Freddie Mac
Mortgage rates fell to an average of 6.74% for 30-year mortgages. (iStock) 15-year and 30-year mortgage rates fell from last week, Freddie Mac reported. “30-year fixed-rate mortgages are down again this week, bringing the total down by almost a quarter of a percentage point after two weeks,” said Sam Cater, chief economist at Freddie Mac. […]
Mortgage rates decline for second week, but no major drops expected soon
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell for the second week in a row, but economists don’t expect them to fall significantly in the near future. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the […]