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US Economy: Soaring Interest Rates Spell Trouble For Mortgages

Mortgage demand fell to a 25-year low last week, as unrelenting inflation and high interest rates cool demand.

Banks Head Into A Perfect Storm — A Repeat Of The 2008-9 Crisis?

The worst may have yet to come as new and existing home sales are plunging, and homeowners see no reason to refinance loans at higher mortgage rates.

Mortgage Demand Increases Amid Modest Rate Drop

Mortgage rates in the United States have surged, cooling home sales

The increases in refinancing and purchasing mortgage options is a good sign that the Fed's interest rate hikes are working, but some warn that will not last.

A home in the Washington area has been sold -- a small part of the booming housing market in the United States, but high prices have left some families incapable of buying a place of their own

Home Sales Rose 2% In July For Second Straight Month Amid Higher Inventory

Home sales increased for the second consecutive month in July as demand remains high for homes.

More news

Real Estate Wire Fraud Is A Growing Cybercrime, But There Are Ways To Prevent It

Victims of real estate wire fraud have already lost $220 million this year

Palash Ghosh Oct 20, 2020

Why Are Average Credit Scores Rising When The Economy Is Tanking?

The average FICO credit score reached 711 in July, the highest since scores were first tracked in 2005

Palash Ghosh Oct 19, 2020

Thinking of investing in real estate? Mashvisor uses analytics to help you find the right one.

US In Danger Of Becoming A 'Renter Nation' As Home Prices Hit Record High, Says Investor

High home prices prompted by rising demand and punctured supply is pricing out prospective homebuyers, which is proving beneficial for the rental industry in the United States.

Vaibhavi Khanwalkar Oct 12, 2020

Mortgage Rates At All-Time Low, And Lenders Are Struggling To Process Loan Requests

One of the reasons for the decrease in demand for home loans may be the limitations lenders face in dealing with the volume of business coming their way.

Vaibhavi Khanwalkar Oct 03, 2020

A house forsale in Northeast Washington, DC

30-Year Fixed-Rate Mortgage Sinks To New All-Time Low, Fueling New Wave Of Refinancing

Freddie Mac said that the 30-year fixed-rate mortgage has fallen to an average of 2.86%, the lowest rate in history dating back to 1971.

Palash Ghosh Sep 10, 2020

US homebuilding remains strong, but the coronavirus outbreak has already caused mortgage applications to drop

Mortgage Originations, Refinancings Surged In Second Quarter Amid Low Rate Backdrop

Lenders issued $1.1 trillion in home loans in the second quarter, a record.

Palash Ghosh Sep 08, 2020

Low mortgage rates are boosting US home sales, but builders are struggling to keep up and are focusing on more high-end construction

The 30-Year Fixed-Rate Mortgage Falls Below 3% For The First Time

The rate is the lowest in 50 years.

Palash Ghosh Jul 16, 2020

A "Price Reduced" sign is displayed on a home for sale in northern Virginia suburb of Vienna

UK Building Society Nationwide Slashes Down-Payment Requirements To Boost Housing Market

The UK building society plans to begin making 90% loans beginning July 20 to boost housing market.

Marcy Kreiter Jul 13, 2020

New York Governor Andrew Cuomo, pictured here at a press conference March 27, 2020

One-Fifth Of U.S. Apartment Dwellers Did Not Pay Their May Rents, But That's An Improvement From April

Most American apartment households (80%) were able to pay their rents for May.

Palash Ghosh May 08, 2020

A foreclosed home is seen in Bullhead City

Coronavirus Economy: More Than Half Of Borrowers Fear Not Being Able To Pay Mortgages, Auto Loans

Only 40% of those queried said they had asked their lenders for help.

Marcy Kreiter May 06, 2020

Is The Great Recession Already Here? Forbearance Might Lead To Wave Of Foreclosures

Industry experts say there could be chaos in six months when Americans are looking to restart mortgage payments.

Marcy Kreiter Apr 28, 2020

Construction of new apartment buildings continued to rise in January amid strong demand for US housing

Home Sales Seen Falling 15% This Year; Requests To Delay Mortgage Payments Jump Sharply

The housing sector is facing uncertainties this year and next because of the market conditions caused by the coronavirus pandemic. Home sales could slump as much as 15%, some estimates show.

Prathapan Bhaskaran Apr 16, 2020

Coronavirus Crisis: At Least 2 Million U.S. Households Behind On Their Mortgage Payments

Millions of American households have fallen behind on their mortgage payments

Palash Ghosh Apr 15, 2020

It's not just London: Housing prices are weakening across the UK

British Mortgage Industry Nearly Halted By Coronavirus Effects As Lenders Withdraw New Home Loans

U.K. mortgage market has been severely crimped by the coronavirus impact

Palash Ghosh Mar 31, 2020

File photo shows the headquarters of mortgage lender Freddie Mac in McLean

Plan To Buy Freddie Mac? Lawsuit Reveals Struggle To Get Mortgage Company Out Of Government Control

A lawsuit filed by two former lobbyists revealed a secret plan to buy Freddie Mac from government control hatched between 2016 and 2018.

Thomas Kika Feb 15, 2020

Is It Right Time To Buy Real Estate? Mortgage Requests Surge As Virus Weakens Rates

A fall in mortgage rates partly attributed to fear of global economic slowdown because of the new coronavirus epidemic that began in China's Wuhan is driving current mortgage holders to lenders seeking to refinance their loans.

Prathapan Bhaskaran Jan 31, 2020