Tagged: Mortgage Rates

September's $53 increase ended three months of payment relief, with affordability deteriorating in 39 states

The modest decline trims borrower payments, while year-end forecasts above 7% leave LOs focused on deals already close to working

Veterans United’s survey finds less willingness to hold out for lower rates, but little change in purchase timelines

With 30-year rates above 7% and nearly half of outstanding loans below 4%, originators face a stubborn obstacle to rebuilding repeat-buyer pipelines

Sellers are cutting asking prices, but near-record monthly payments continue to squeeze buyers and limit purchase demand

Pending sales fell to their lowest level since early April, but lower asking prices and reduced competition give originators more options to structure deals for qualified borrowers

At current rates, the median homebuyer will pay more than the home's purchase price in interest over a 30-year mortgage, according to a new analysis

The Senate confirmation lands days after hot inflation reports rattled bond markets, forcing lenders and borrowers to rethink how soon meaningful rate relief could arrive

Higher energy costs and persistent core inflation are expected to keep borrowing costs elevated, limiting near-term upside for housing activity

Deep divisions inside the Fed and a murky rate outlook could keep mortgage pricing volatile and borrower urgency uneven