Here's why 476,100 mortgage applications were denied last year
A look at 2022 mortgage application data from the CFPB shows some of the initial effects of rising rates.
Source: marketwatch.com
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Home Buyers Are Coming Back. Sales Could Be Near Their Worst.
For many buyers, it's all about lower mortgage rates.
Source: marketwatch.com
The Clearest Sign Yet That Commercial Real Estate Is in Trouble
Lenders are issuing a record number of foreclosure notices related to risky property loans
Source: wsj.com
Mortgage Rates See Biggest Decline in a Year. Don't Expect Buyers to Rush In.
The decline in mortgage rates is probably not enough to make a significant dent in high home costs.
Source: marketwatch.com
Mortgage rates register sharpest drop in over a year amid signs of a weakening U.S. economy
Mortgage applications rose 2.5% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.61%.
Source: marketwatch.com