Mortgage Rates Continue Their Upward Climb
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.
ARM Application Rate the Highest Since 2007
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.
Despite Rate Hikes, U.S. Homebuyers Show ‘Resiliency’
Even as mortgage interest rates hit levels not seen since the fall of 2009, early indications show America’s prospective homebuyers appear to be adapting, not quitting the market.
FHA Lending Continues, Even During Pandemic
The Warren Group is reporting the top lenders for FHA loans, as well as VA loans, home equity lines of credit and adjustable rate mortgages in Connecticut. The rankings include banks, credit unions and mortgage companies and are based on loan volume in 2019.
Mortgage Applications Down Slightly As Rates Remain Flat
Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Aug. 25, 2017.
Mortgage Applications Down 6.2 Percent
Mortgage applications decreased 6.2 percent last week from the previous week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 23, 2017. The Refinance Index decreased 9 percent from the previous week.
