Today: 21. Nov, 2024
In recent events, the housing market has witnessed a significant downturn in mortgage demand, mainly attributed to the spike in interest rates. According to the Mortgage Bankers Association’s seasonally adjusted index, there was a noticeable 5.6% drop in total mortgage application volume…
After a short period of relief, mortgage rates are rising again, causing potential homebuyers to hesitate and rethink their plans. The Mortgage Bankers Association reported a 2.3% decrease in total mortgage application volume last week compared to the previous week. This downturn…
In recent weeks, the housing market has witnessed a notable uptick in mortgage demand, sparked by a slight decrease in interest rates. This gradual shift indicates a renewed interest among current homeowners and potential buyers, marking the highest level of activity in…
In today’s real estate market, buyers face the challenge of navigating record-high costs and a competitive landscape. Amidst these challenges lies another crucial factor for potential homeowners: the homeowners association (HOA). Governing community standards and maintaining shared spaces, HOAs can significantly impact…
A sharp 5.3% decrease is observed, correlating with a roughly 40% drop in sales completions in the first half of the year versus 2021. August witnessed a 5.3% decline in UK house prices compared to the same time last year, marking the…
While the 30-year fixed mortgage, the most common form, saw a rate reduction for the third consecutive week, there was little change in the overall mortgage demand. The Mortgage Bankers Association’s seasonally adjusted index indicated a slight increase in total mortgage application…
