Tag: Mortgages
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Homebuyer affordability slipped for fifth straight month, real estate index shows
With both home prices and mortgage rates climbing since earlier this year, affording a home has become harder, according to a housing affordability index.
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Here’s why the housing market is hurting so much this summer
Mortgage rates are high, home prices at record levels and consumers stressed. These are all contributing to a drop in existing home sales and builder sentiment.
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Mortgage rates rise to highest level in nearly a year, causing homebuyers to pause
Mortgage rates moved higher last week, causing buyers to pull back, but refinancing did see small gains.
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New housing law targets affordability — what it means for homebuyers and sellers
While the legislation is aimed at least partly at addressing affordability, experts say the benefits of the measure will take time to show up in the market.
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June home sales disappoint as prices reach an all-time high
Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.
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Weekly mortgage demand drops as rates remain stuck in a narrow range
Mortgage rates barely moved last week and haven’t moved much in more than a month. That is resulting in lackluster mortgage demand.
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Demand for riskier mortgages drops, as their advantages shrink
The spread between the 30-year fixed rate mortgage and adjustable rate loans is narrowing, causing demand for ARMs to weaken.
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Homeowners tapped $47 billion in equity in the first quarter. What to consider before you borrow
While high home values mean homeowners are sitting on an estimated $11 trillion in equity, it should not be viewed as free money, experts say.
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Nearly 80% of data center capacity is at elevated risk to climate hazards like flooding and fire, study says
The vast majority of data centers globally face either acute risk from climate change events or chronic risk from ongoing climate issues like extreme heat.
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Mortgage rates are now falling but demand is still weaker
A mixed week for mortgage rates resulted in less demand from both current homeowners and potential homebuyers.
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