Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

realtyexperts Real Estate News

Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.

The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.

Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season

realtyexperts Real Estate News

Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.

The post Rising Rates Damp Mortgage Applications Ahead of Spring Selling Season appeared first on Real Estate News & Insights | realtor.com®.

Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?

realtyexperts Real Estate News

New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that they don’t plan to skip their payments, at least not right away.

The post Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? appeared first on Real Estate News & Insights | realtor.com®.

Home-Loan Applications Ticked Up for a Third Week. There’s ‘Pent-Up Demand.’

realtyexperts Real Estate News

The Mortgage Bankers Association’s Purchase Index, which measures the weekly volume of applications for loans to buy a home, rose 6% on a seasonally-adjusted basis for the week ending May 1.

The post Home-Loan Applications Ticked Up for a Third Week. There’s ‘Pent-Up Demand.’ appeared first on Real Estate News & Insights | realtor.com®.

Home-Loan Applications Ticked Up for a Third Week. There’s ‘Pent-Up Demand.’

realtyexperts Real Estate News

The Mortgage Bankers Association’s Purchase Index, which measures the weekly volume of applications for loans to buy a home, rose 6% on a seasonally-adjusted basis for the week ending May 1.

The post Home-Loan Applications Ticked Up for a Third Week. There’s ‘Pent-Up Demand.’ appeared first on Real Estate News & Insights | realtor.com®.

Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans?

realtyexperts Real Estate News

On average, the 30-year fixed-rate mortgage now comes with a rate of 3.75%. Last week, mortgage rates had fallen after three straight weeks of increases.

The post Mortgage Rates Are Increasing Again—So Why Did More People Apply for Home Loans? appeared first on Real Estate News & Insights | realtor.com®.