Housing

Mortgage demand to jump nearly 10% at start of year even as interest rates rise again

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Mortgage demand to jump nearly 10% at start of year even as interest rates rise again

“For Sale” outside a home in Hercules, California, U.S., Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Mortgage rates moved slightly higher last week for the second week in a row, … Read more

Falling mortgage rates are pulling buyers back into the housing market

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Falling mortgage rates are pulling buyers back into the housing market

The sharp drop in mortgage interest rates in December could have kicked off this year’s spring housing market. Rates are about a full percentage point lower than in October, and consumers expect them to fall even more. Optimism about mortgage rates rose sharply in December, according to Fannie Mae’s monthly consumer survey. For the first … Read more