Mortgage Refinancing Applications Jump As Borrowers Race to Beat Rising Rates
The 18% jump in mortgage refinancing applications came as home-loan rates rose to a 22-month high last week.
February 2, 2022 2 MIN
The 18% jump in mortgage refinancing applications came as home-loan rates rose to a 22-month high last week.
As mortgage rates hover near two-year highs, Federal Reserve Bank of Kansas City President Esther George gave a speech on Monday that likely will send them higher.
More than half of U.S. states don't require adequate disclosures to homebuyers about past flooding events or a property's location in a flood plain, Fannie Mae said.
Signed contracts to purchase previously owned homes dropped last month as the number of homes on the market fell to a record low.
The U.S. economy expanded at a 6.9% annualized rate in the final three months of 2021, triple the pace of the prior quarter, as Covid-19 infections spiked to record highs.
The Fed issued an addendum to its traditionally sparse statement that outlined how it plans to reduce its record $8.4 trillion portfolio of Treasuries and mortgage bonds.
Builders sold 811,000 houses at an annualized and seasonally adjusted pace, the highest reading since March, the Commerce Department said in a report.
Phoenix led the 20-city index, as it has for more than two years, posting a 32.2% annualized advance in November, according to S&P Dow Jones Indices data.
Today's red-hot pace of inflation likely will cool to about 2% by 2022’s end, about a third of its current rate, according to Treasury Secretary Janet Yellen.
Home sales weakened last month as the number of available properties dropped to the lowest ever recorded, NAR said.
Allowing the VA loan fees to reset as scheduled will save veterans and active-duty military members about $200 million annually, the lenders’ group said.
A homebuyer would need $48,435 of annual income to qualify for a mortgage on a $180,000 median-priced home in Detroit, making it the most affordable U.S. metro area.
Don't wait until you find your dream house to check your credit reports for errors.
Flood insurance is separate from your standard homeowner’s insurance, and if you are buying in a flood plain, most lenders
