Mortgage Rates Climb To Highest Level Since 2009
ARM loans accounted for 17 percent of mortgage applications by dollar volume, with the average borrower seeking a $728,900 loan.
Source: inman.com
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Rising Home Prices Expected To Drive Record Purchase Loan Volume in 2022
High home prices are expected to drive a record $1.72 trillion in purchase mortgage originations in 2022, according to the Mortgage Bankers Association.
Source: inman.com
Declining mortgage affordability quantified in new index
The Purchase Applications Payment Index was 8.3% higher in February compared with January and 22% over the same month in 2021, the Mortgage Bankers Association found.
Source: nationalmortgagenews.com
Median Mortgage Application Payment Jumped 8.3% In February
With housing prices and interest rates climbing, it's becoming increasingly difficult for a consumer to afford to buy a home. Now the Mortgage Bankers Association has created an index to track this.
Source: nationalmortgageprofessional.com
As Wall Street Slides, Major Real Estate Players Go With It
Shares in major publicly traded real estate companies continued to drop on Monday as investors reacted to rising interest rates.
Source: inman.com