Mortgage demand fades as buyers watch rates hit 2-decade high
Mortgage demand fades as buyers watch rates hit 2-decade high
Fed's 'higher for longer' rate strategy drives yields on long-term Treasurys higher, and mortgage rates follow to highest levels in over 20 years, MBA lender survey shows
by Matt Carter Sep 27
Monthly homebuyer payments just hit all-time high as spring arrives
Monthly homebuyer payments just hit all-time high as spring arrives
The typical monthly payment rose to $2,563 this week despite home prices that were down 1%, according to data on Friday. That’s the highest monthly payment on record, up 29% from last year
by Taylor Anderson Mar 10