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New Home Purchase Applications Up Nearly 40% in October
The average loan size for new homes decreased from $397,550 in September to $390,225 in October. Continue Reading New Home Purchase Applications Up Nearly 40% in October
Mortgage Rates Drop for Third Straight Week
The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. Continue Reading Mortgage Rates Drop for Third Straight Week
Additional Reading: Top Mortgage Industry News & Headlines
Repayment Terms: Home Equity Loan vs. Mortgage
Source: Investopedia --- Buying a home is one of the most significant investments you can make. For most home buyers, that large of a purchase requires financing in the form of a mortgage. But once you have made your purchase, your mortgage payments start working for...
Redfin Reports Sale Prices Flatten, Demand for Mortgages Falls as Mortgage Rates Climb
Source: Yahoo! --- As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy. SEATTLE, February 23, 2023--(BUSINESS WIRE)--(NASDAQ: RDFN) — The median U.S. home-sale...
U.S. Housing Market Stalls as Mortgage Rates Edge Up Again
Source: World Property Journal --- National property broker Redfin is reporting this week that many U.S. homebuyers are retreating back to the sidelines as mortgage rates ascend toward 7 percent. Redfin's Homebuyer Demand Index -- a measure of requests for tours and...
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