The benchmark 10-year U.S. Treasury yield surged above 5.05% Wednesday, reaching its highest level since 2007 and creating fresh upward pressure on borrowing costs across the housing and mortgage markets. The 10-year yield jumped 8.7 basis points to 5.054% following...
Mortgage demand weakened again last week as borrowing costs moved sharply higher, with the Mortgage Bankers Association’s benchmark 30-year fixed contract rate climbing above 7% to its highest level in more than two years. The MBA’s Weekly Mortgage Applications Survey...
Mortgage rates moved higher again Tuesday, extending a sharp September reversal that is putting fresh pressure on homebuyers just as the fall housing market gets underway.Bankrate’s national survey put the average 30-year fixed mortgage rate at 7.15% on Sept....
Mortgage rates opened the week around the 7% threshold, keeping housing affordability under renewed pressure just days after the Federal Reserve raised its benchmark rate and signaled that inflation remains the central obstacle to easier financial conditions. Daily...
Mortgage demand weakened for a second straight week as borrowing costs moved back toward 7%, reinforcing the pressure higher bond yields are putting on both home purchases and refinancing. The Mortgage Bankers Association’s Market Composite Index fell 4.1% on a...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
