Everything tagged "mortgage and rates" across research, earnings, and macro.
15 articles
The MBA’s 30-year fixed mortgage rate rose to 6.45%, its highest in a month, and applications fell 4.4% as buyers and refinancers pulled back. The latest data show how quickly housing demand weakens when borrowing costs move higher, even in a steadier spring market.
Freddie Mac’s latest data shows the average 30-year mortgage rate ticking up to 6.30% after a three-week slide, but purchase demand is still running more than 20% above a year ago. Rates remain below last spring, helping keep buyers active despite affordability pressures.
MBA data showed 30-year mortgage rates edging up to 6.37%, enough to knock total applications down 1.6%. Refinance demand fell 4%, while purchase applications rose 2%, highlighting a housing market still supported by buyers even as borrowing costs keep refinancing on ice.
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