Mortgage interest rates last week didn’t start to climb until the end of the week, but even a few days were enough to dampen demand.
An estimated 13.8 million taxpayers will be able to use the mortgage interest deduction in 2018, down from more than 32.3 million last year.
About 13.8 million taxpayers will use the mortgage interest deduction in 2018, down from 32.3 million last year.
Mortgage rates, which loosely follow the 10-year Treasury, hit their highest level since the end of March.
A rise in the thermometer last week may have been just the remedy for an ailing mortgage market.
HomeownershipIn addition to your mortgage, there are additional expenses to consider when planning for your financial future once you become a homeowner. More
Sub-prime mortgages disappeared following the financial crisis, but demand is back from borrowers and investors.
Mortgage applications fell last week, driven lower by another drop in refinances.
The fine relates to an allegedly fraudulent scheme to sell residential mortgage-backed securities between 2005 and 2007.
Mortgage application volume jumped 4.8 percent last week, according to the Mortgage Bankers Association.