Mortgage Applications Fall Again as Higher Interest Rates Sideline Buyers
Mortgage applications fell once again last week, as higher inflation and continuing uncertainty over the global economy kept interest rates climbing for the seventh straight week. For the week ending Oct. 9, the Mortgage Bankers Association's Market Composite Index—a measure of total mortgage loan a
Inflation Jumps to 3.7% in Troubling Sign for Mortgage Rates
Inflation rose last month, driven by surging gas prices as the war with Iran continues to affect oil prices, according to the latest consumer price index report. Overall prices rose 3.7% for the 12 months through September, up from a 3.4% annual increase in August, according to data released by the
Why There are More Homes for Sale Right Now (and What It Means for You)
Mortgage rates being back above 7% isn't exactly the news most people wanted. But it’s changing the market in ways that matter whether you’re buying or selling. The number of homes for sale is growing faster than it was this time last year. And interestingly, the main reason isn’t a flood of new lis
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