Today: 16. Nov, 2024
CNBC’s Diana Olick appears on ‘The Exchange’ to address the continuous three-week drop in mortgage rates, the persistently steady mortgage demand, and the uptick in jumbo loan rates. On ‘The Exchange’, Olick detailed the surprising trend of stable mortgage demand, even as…
Diana Olick from CNBC updates recent developments in the real estate sector. Surprisingly, the mortgage market witnessed a 0.5% increase in demand, despite lowering mortgage rates. This seemingly paradoxical movement in the market has raised many eyebrows and prompted a more in-depth…
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…
The National Association of Realtors reported virtually no change in the sales of pre-owned homes in May compared to April, with a minor increase of 0.2%, making it an annualized, seasonally adjusted rate of 4.30 million units. Yet, compared with the same…
Mortgage rates declined for the second consecutive week, prompting existing and prospective homeowners to consult their lenders. As per the Mortgage Bankers Association’s seasonally adjusted index, there was a 7.2% uptick in mortgage application volume last week compared to the preceding week.…
In a move to address persistent inflation and the remarkable resilience of the Canadian economy, the Bank of Canada has raised its benchmark interest rate by a quarter percentage point. This decision marks a significant shift in policy, as the bank had…
Last week saw a surge in mortgage rates, spurred by robust economic data intensifying fears that the Federal Reserve might not decrease interest rates soon. Consequently, the demand for mortgages hit the lowest point since late February. The average contractual interest rate…
