Browsing Tag:Higher

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Previously inhabited US home sales rebounded to their fastest pace since January in September as mortgage rates tick higher, motivating buyers to step off the sidelines. The National Association of Realtors announced last week that existing home sales increased 7 percent from August to a seasonally adjusted annual rate of 6.29 million units. That was stronger than the...
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The latest quarterly data from the Reserve Bank of Australia (RBA) and the Bank for International Settlements (BIS) showed that household and mortgage debt-to-income repayment rates fell to the lowest level in decades, caused by the collapse in mortgage rates :The following graphs from CoreLogic, valid through August 2021, show the dramatic decline in mortgage rates across different loan...
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Key highlights from this report:A new mortgage forecast suggested we could see higher rates in 2022.The MBA forecast that 30-year lending rates could reach 4% by the end of 2022.You expect this to result in a significant decline in mortgage refinancing.Surprisingly, the group forecast an increase in purchase credits for the next year.On October 17th, the Mortgage Bankers Association...
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Mortgage activity remains neutral as borrowing costs continue to rise and fewer homeowners rush to the still historically low interest rates to refinance their home loans. © RM Nunes / Shutterstock Reluctant homeowners can expect higher refinancing rates With interest rates soaring to their highest level in four months, mortgage demand has stagnated, according to a new...
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