Residential Real Estate

Mortgage Rates Continue Their Upward Climb

Mortgage Rates Continue Their Upward Climb

By Matt Ott | The Associated Press | September 8, 2022 | Reprints

Average long-term U.S. mortgage rates jumped again this week, hitting the highest levels in almost 14 years and pushing even more would-be buyers out of the market.

Calm Before Storms? Hurricane Season Oddly Quiet So Far

Calm Before Storms? Hurricane Season Oddly Quiet So Far

By Seth Borenstein and Rebecca Santana | The Associated Press | September 6, 2022 | Reprints

In a state where valuable coastal real estate is increasingly at risk from storms and memories of Superstorm Sandy remain fresh, the prognosis for each year’s hurricane season is a subject of concern.

ARM Application Rate the Highest Since 2007

ARM Application Rate the Highest Since 2007

August 26, 2022 | Reprints

The share of borrowers applying for an adjustable-rate mortgage is the highest it’s been in 15 years, a new analysis by Zillow has found, but unlike the lead-up to the subprime mortgage crisis, these borrowers remain well-qualified.