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Tag: Mortgage rates

Mortgage demand has fallen 41% since the Fed cut interest rates by 50 basis points

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Mortgage demand has fallen 41% since the Fed cut interest rates by 50 basis points

Mortgage demand fell for the sixth straight week due to higher mortgage rates, according to weekly applications survey data released Wednesday Mortgage Bankers Association (MBA). The number of applications fell by a seasonally adjusted 10.8% in the week ending November 1st. Since the last spike in applications in the week of September 20th, which paradoxically […]

Mortgage rates rise for the fifth week in a row due to volatility ahead of the election

Posted on | Posted on angela | Leave a Comment on Mortgage rates rise for the fifth week in a row due to volatility ahead of the election
Mortgage rates rise for the fifth week in a row due to volatility ahead of the election

Mortgage rates rose for a fifth straight week as pre-election volatility continued to rattle the bond market. The average 30-year fixed-rate mortgage was 6.72% in the week ending Wednesday, according to data from Freddie Mac, up from 6.54% a week earlier. 15-year mortgage rates also rose to 5.99% from 5.71% a week ago. “With several […]