CNBC’s Diana Olick reports on the rising number of homebuyers taking on riskier mortgages as houses get less affordable.
CNBC’s Diana Olick provides the latest read on mortgage applications, which were down 0.4 percent versus last week.
Mortgage application volume slipped 0.4 percent last week, the Mortgage Bankers Association says.
The number of adjustable-rate mortgage originations jumped just over 40 percent from the first quarter of this year to the second.
Trump’s chief economic advisor has ignited a debate about the economic effect of the mortgage interest deduction on home buying.
Gary Cohn: “People don’t buy homes because of the mortgage deduction”—or do they?
Changes under the new GOP tax plan would make the mortgage deduction less attractive.
Dan Gilbert, Rock Ventures chairman, Quicken Loans founder and Cleveland Cavaliers owner, discusses the rhetoric around the Republican tax reform plan and the possibility that the mortgage interest deduction might be scrapped.
Mortgage application volume fell 0.5 percent last week from the previous week.
CNBC’s Diana Olick reports on the impact of home mortgages after Hurricanes Harvey and Irma.