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News
Mortgage rates reach 15-month highs as Treasury yields keep climbing
3+ day, 22+ hour ago (487+ words) Mortgage rates continued their upward trudge this week, with the 30-year fixed rate reaching a year-to-date weekly high of 6.76%, Freddie Mac reported Thursday. That is the highest weekly average for 30-year mortgages in nearly 15 months and is 41 basis points above…...
Summer home sales slowdown deepens in August
4+ day, 30+ min ago (559+ words) Existing-home sales declined for the third consecutive month in August, deepening a summer sales slowdown that has coincided with a sharp run-up in borrowing costs since May. The seasonally adjusted annual pace of existing-home sales slid 2% from July to 3.98 million…...
Mortgage demand weakens as rates hit highest level in 15 months
5+ day, 2+ hour ago (389+ words) Mortgage rates that rose to their highest level since last June pushed mortgage demand lower across the board last week, the Mortgage Bankers Association (MBA) said Wednesday. The MBA’s Market Composite Index, a measure of mortgage loan application volumes, slid…...
Housing inventory grows as sales momentum fades in August
1+ week, 4+ day ago (459+ words) On the purchase side of the U.S. housing market, listing activity in August offered mixed signals as mortgage borrowing costs climbed above year-ago levels, according to Realtor.com’s latest monthly housing report. Active listings were 1.2% higher in August compared to July,…...
Mortgage applications edge higher despite four-week high in rates
1+ week, 5+ day ago (339+ words) Mortgage demand rose slightly last week despite a steady march higher in borrowing costs, the Mortgage Bankers Association (MBA) said Wednesday. The MBA’s Market Composite Index, a measure of mortgage loan application volumes, edged up 0.8% on a seasonally adjusted basis…...
First American downplays foreclosure risks as home prices soften
2+ week, 55+ min ago (590+ words) The nation’s largest title insurance underwriter isn’t too worried about rising foreclosures and softening U.S. home prices — at least for now. First American Financial Corp., which collected roughly one-quarter of title insurance premiums generated during the first quarter, said…...
Mortgage demand stays under pressure with rates near 6.8%
2+ week, 5+ day ago (435+ words) Mortgage applications declined last week as rising borrowing costs and economic uncertainty continue to suppress home purchase demand this summer, the Mortgage Bankers Association (MBA) reported Wednesday. The MBA’s Market Composite Index, a measure of mortgage loan application volumes, slipped…...
U.S. home prices flat in June, extending cooling trend
2+ week, 6+ day ago (466+ words) The FHFA’s latest Home Price Index (HPI) showed house prices rose 0.3% from April through June, compared to 0.5% growth during the first quarter and 0.8% during the fourth quarter of 2025. Prices increased 2.1% on a year over year basis in the second quarter,…...
MBA raises rate forecast, slashes refinance outlook
3+ week, 2+ day ago (393+ words) Mortgage lenders should not expect challenging market conditions to ease for the foreseeable future, according to updated housing forecasts published by the Mortgage Bankers Association (MBA) on Friday. The MBA projects the federal funds rate will remain within its current…...
New home listings rise in August as high mortgage rates weigh on demand
3+ week, 2+ day ago (400+ words) New listings hit their highest levels since May last week, marking their fifth consecutive week of increases amid another slow summer of home sales, Redfin reported Thursday. As mortgage rates have surged in recent months and home purchase demand has…...