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Stories Tagged as

Mortgage rates

Why mortgage rates have been falling recently

by Justin Ho
May 31, 2022
They're sliding even though the Federal Reserve has been raising interest rates this year.
Given how much mortgage interest rates have risen over the last year, demand could be slowing down.
Justin Sullivan/Getty Images
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Rising interest rates and soaring home prices put mortgage payments out of reach for many

by Mitchell Hartman
May 26, 2022
The median payment on a new mortgage increased almost 9% from March to April.
Pending home sales declined by 3.9% in April, the sixth consecutive monthly drop.
Scott Olson/Getty Images
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Rising interest rates increase the appeal — and the risk — of ARMs

by Justin Ho
May 24, 2022
More homebuyers are applying for adjustable-rate mortgages, which often come with a lower initial monthly payment. But borrowers could end up paying more in the long run.
The number of applications for adjustable mortgages has increased 22% over the last year, per the Mortgage Bankers Association.
Joe Raedle/Getty Images
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What the Fed’s rate hike means for one community bank

by Kai Ryssdal and Maria Hollenhorst
May 5, 2022
Mortgage rates are rising, but deposit rates will lag, says Laurie Stewart, president of Sound Community Bank in Seattle.
Laurie Stewart, the head of Sound Community Bank in Seattle, says pressures to hold more capital will "impact our ability to serve clients and to be investable."
Courtesy Sound Community Bank
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The mortgage business has "come to a screeching halt"

by Kai Ryssdal and Andie Corban
Apr 26, 2022
Vivian Gueler of Pacific Trust Group said rising rates are slowing the housing market, but it could be months before prices fall.
"The market was just too crazy," said mortgage broker Vivian Gueler. "The low rates drove up too much business, too much demand — and the prices, ultimately."
Justin Sullivan/Getty Images
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Homeowner groups are trying to stop investors from buying up homes

by Amy Scott and Anais Amin
Apr 20, 2022
Investor purchases made up more than 1 in 5 home sales in December, according to CoreLogic.
According to the National Association of Realtors, sales of existing homes dropped 2.7% in March from the previous month and 4.5% from March 2021.
Justin Sullivan/Getty Images
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Could Netflix queue up a hint on how inflation can alter our behavior?

by Sabri Ben-Achour , Meredith Garretson , Alex Schroeder and Ariana Rosas
Apr 19, 2022
We spoke to Michael Hewson, chief market analyst at CMC Markets, for some insight.
Olivier Douliery/AFP via Getty Images
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Higher mortgage rates could make the housing supply problem worse

by Matt Levin
Apr 1, 2022
Homebuilders already face higher prices for materials. More expensive loans could affect construction for years.
The Federal Reserve's interest rate policy is upping the cost of home construction and could constrict future inventory.
Justin Sullivan/Getty Images
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After hitting record lows, mortgage rates are rising again

by Amanda Peacher
Jan 19, 2022
So far, that hasn't had a chilling effect on applications.
Though mortgage rates are increasing, mortgage applications are also up as homebuyers hope to avoid further rate hikes.
Joe Raedle/Getty Images
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Rising mortgage rates and prices not raining on homebuilders' parade

by Mitchell Hartman
Jan 19, 2022
The latest survey data shows that homebuilders have a positive outlook despite inflation and supply chain woes.
photovs via Getty Images
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