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As China established a dynamic mortgage rate adjustment mechanism on mortgage rates for first-time home buyers, more and more cities cuts the interest rates of housing loans after the spring festival. On Sunday, a staff member of a bank in Zhengzhou, central China's Henan Province said that t...
NEW YORK (AP) -- The rising cost of a home mortgage is expected to rein in the prolonged U.S. housing boom, as potential homeowners balk at rates that climbed above 8 percent Tuesday for the first time in two years.U.S. Newspapers...
Higher mortgage rates have contributed to the decline in mortgage applications and home sales, according to data from the MBA and the National Association of Realtors (NAR). Existing home sales fell 2% in September, NARsaidon Thursday. Sales have dipped because there's limited housing inventory ...
Mortgage rates decline for the first time in 5 weeks Experts predict mortgage rates could hit 6.5% by the end of the year if inflation starts to come down. May 10, 2024 Additional Live Streams Additional Live Streams Live ABC News Live ...
Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market.
The driver of the drop was refinance demand. It fell 3% for the week but was still 41% higher than the same week one year ago. While mortgage rates aren't that much lower now than they were a year ago, it may be that refinance volume is so low in general that any slig...
"Mortgage rates continued to rise alongside hotter-than-expected inflation numbers this week, exceeding six percent for the first time since late 2008," said Sam Khater, Freddie Mac’s chief economist. "Although the increase in rates will continue to dampen demand and put downward pressure on ho...
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