Today: 23. Nov, 2024
Mortgage rates have hit their highest levels since August, sparking a significant drop in demand from homeowners and potential buyers alike. As interest rates climb for the third consecutive week, many borrowers are reconsidering their plans, leading to a 17% decline in…
Mortgage Demand: A Tepid Response to Falling Rates Mortgage rates dropped last week for the fourth consecutive time, reaching their lowest level since April 2023. Despite this trend, neither homeowners nor prospective homebuyers rushed to take advantage of the situation. According to…
Mortgage interest rates dipped slightly last week but failed to entice many potential homebuyers. Despite this modest decrease, the overall demand for home loans continues to drop as buyers hold out for more significant rate cuts. Rates Drop Marginally The average contract…
As mortgage interest rates continue progressing upward, the mortgage industry is witnessing a significant shift in consumer preferences and behaviours. The demand for mortgages has slowed down to its lowest pace since 1995, with total application volume experiencing a 1% drop last…
In a surprising turn of events, the demand for mortgages has dropped to its lowest point since 1996, primarily driven by the steep rise in interest rates. As they edge closer to the 8% mark, potential homebuyers and current homeowners looking to…
The combination of higher mortgage rates and a severe shortage of available homes negatively impacts the demand for mortgages. According to the seasonally adjusted index from the Mortgage Bankers Association, mortgage applications for home purchases dropped by 4.8% last week compared to…
