For the first time this year, mortgage rates actually dropped a little bit, but it was not enough to spur refinances — which instead took a sharp dive.
A passed Senate bill would let small banks and credit unions offer mortgages that don’t meet strict federal rules.
Interest rates for home loans have risen each week this year, reducing incentives to refinance mortgages.
Interest rates for home loans have risen each week since the start of this year, so each week it becomes less lucrative for homeowners to refinance their mortgages.
The start of the spring housing market has yet to energize the mortgage market.
Research and AnalysisThe most dramatic increase in mortgage rates came during the late 1970s. What would happen if rates rise like that again? More
After rising sharply for several weeks, mortgage interest rates briefly steadied last week, and homebuyers responded.
Higher mortgage rates, combined with the loss of homeowner tax breaks in some of the nation’s most expensive markets, are taking away buying power.
Homeowners can now use income from Airbnb to qualify for mortgage refinances, thanks to a new pilot program through Fannie Mae.
Michael Fratantoni, Senior Vice President of Mortgage Bankers Association discusses why borrowing has slowed down because of interest rates that continue to rise.