Decline in Mortgage Applications Found in Latest MBA Weekly Survey
The U.S. housing market is experiencing a familiar trend as mortgage applications face a decline. The primary reasons behind this drop are the soaring home prices and robust interest rates. According to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 21, 2023, the Market Composite Continue Reading
Mortgage Payments Surge by Almost 20% Compared to Last Year
The rising interest rates and soaring home prices have created a challenging situation for potential homebuyers, as mortgage payments have become more expensive compared to last year. According to a recent report from Redfin.com, mortgage payments have increased by almost 20% in the past year. In the four weeks leading Continue Reading