Millennials are desperate to buy a home, most willing to pay a mortgage rate above 7%: survey
67% of Millennials regret not buying a home when interest rates were lower. (iStock) Recent research shows that most millennials want to get on the housing ladder and would consider accepting a higher mortgage rate than the national average of less than 7%. Post-pandemic housing market is defined by runaway mortgage rates and soaring home […]
Mortgage rates stagnate, hobbling affordability as spring buying season looms: Freddie Mac
Mortgage rates are not rising fast enough to alleviate affordability issues. (iStock) According to Freddie Mac, mortgage rates are stable in the mid-six range and show little sign of falling. The average interest rate on a 30-year fixed-rate mortgage for the week ending February 8 was 6.64%, according to Freddie Mac’s latest research. Primary mortgage […]
Mortgage rates rise slightly as homebuyer sentiment tanks
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose slightly this week, with 30-year fixed-rate bonds continuing to hover in the mid-6% range. The sluggish housing market suggests consumers are still looking to hold off on moving until interest rates come down, […]
Pending home sales fall as mortgage rates tick up: report
Pending home sales fell nearly 8% in the past four weeks compared to the same period last year as mortgage rates rose slightly and severe winter weather delayed home purchases, according to a new report from Redfin. did. The decline in pending sales was the largest decline since October, according to Redfin. This comes as […]
Disgraced Ex-Baltimore District Attorney Marilyn Mosby Convicted of Mortgage Fraud
Disgraced former Baltimore district attorney Marilyn Mosby sobbed in court Tuesday after being found guilty of mortgage fraud. The sentence could carry decades in prison. The Democratic Party served as president from 2015 until losing his re-election bid in 2022. was indicted For perjury and mortgage fraud charges related to the withdrawal of funds from […]
Housing demand stalls out as mortgage rates march higher
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Co.” home prices are delaying the American dream for many first-time homebuyers. Last week, demand for housing ground to a halt as mortgage rates neared 7%, locking many potential buyers out of the market ahead of the crucial spring season. Mortgage Bankers […]
Former Baltimore prosecutor Marilyn Mosby found guilty of 1 count of mortgage fraud
Former Baltimore City Attorney Marilyn Mosby was found guilty of one count of mortgage fraud after testifying that she unintentionally made false statements on loan applications to purchase two vacation homes in Florida. The Associated Press reported that after the jury deliberated for most of the day, a split verdict was announced Tuesday night, acquitting […]
Homeowners’ monthly mortgage payments dropped to lowest rate in years
Mortgage payments fell to an average of $2,361 by the end of 2023. (iStock) Good news for homebuyers and homeowners alike. Monthly mortgage payments have dropped to the lowest average interest rates in years. According to a recent Redfin report. The average mortgage payment is $2,361 as of December 31, 2023. This is a decrease […]
Mortgage rates continue to trend down, but affordability remains a pipe dream: Freddie Mac
Interest rates on 30-year mortgages have fallen again, but housing remains unaffordable in most areas. (iStock) Mortgage rates fell to 6.63% this week, according to Freddie Mac. Primary mortgage market research. The 30-year fixed rate mortgage rate last week was 6.69%, down 0.06 points. The 15-year mortgage rate also fell slightly from 5.96% last week […]
Mortgage rates dip slightly as demand remains stalled
Dana Peterson, chief economist at the Conference Board, said the leading indicators are great for the commodity economy when it comes to “making money.” Mortgage rates fell slightly this week, but this slight drop is of little consolation to potential home buyers and sellers as demand remains largely stagnant. Freddie Mac’s latest primary mortgage market […]