Applications to refinance a mortgage fell 9% in a week, as average mortgage rates moved higher.
Fewer homeowners are refinancing their mortgages, and purchase activity is essentially flat after mortgage rates rose sharply last week.
“That just knocks the market,” said Bliss Sawyer, a loan officer at Security Home Mortgage in Orem, Utah. “We thought the Fed was going to be more aggressive in lowering rates in November and December, but because of this data, it shows there really isn’t a lot of reason for the Fed to lower rates as much as we were hoping for.
Click here for real estate and housing market news, reports, and analysis to inform your investing decisionsMarvell Technology, Inc. : A Promising AI Stock According to Analysts Streamlined logistics and distribution processes enhance product availability and reduce time-to-market for at-home testing kits. Pricing adjustments and promotional offers attract consumers, driving market penetration and sustaining competitive advantage for manufacturers.Wilmington, Delaware, United States, Transparency Market Research Inc. -, Oct. 09, 2024 -- The global at-home testing kits market is estimated to ascend at a CAGR of 5.9% from 2024 to 2034.
The biggest news stories this morning: SpaceX Crew-8 astronauts are leaving the ISS on October 13, The best projector for 2024, Meta Quest 3S hands-on.Wimbledon removes line judges for first time in 147-year history as major changes announced
Mortgage Rates Interest Rate Mortgage Rate Market Participants Security Home Mortgage
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks near records, mortgage applications surge: Yahoo FinanceUS markets (^DJI, ^IXIC, ^GSPC) are looking to continue the momentum after the S&P 500 saw its 41st record high of the year yesterday. Investors now await...
Read more »
New home sales fall in August despite declining mortgage ratesNew home sales dropped in August from the previous month as would-be homebuyers wait for mortgage rates to fall further.
Read more »
Lower home prices and mortgage rates improved August affordability: reportToronto led the way in affordability improvements for the second consecutive month as slow sales drove down home prices at the same time as mortgage rates declined.
Read more »
Mortgage rates hit 2-year low: Is now the time to buy?As mortgage rates hit a two-year low, Yahoo Finance's Dani Romero joins Alexandra Canal on Wealth! to break down what it means for potential homebuyers. For ...
Read more »
Mortgage rates fall, hit 2-year lowThe average rate for a 30-year fixed mortgage fell to 6.08% this week, according to data from Freddie Mac. That's down from 6.09% the week prior and it's...
Read more »
US home sales fell in August despite easing mortgage rates, more homes on the marketLOS ANGELES (AP) — Sales of previously occupied U.S. homes fell in August to the slowest annual pace in nearly a year even as mortgage rates eased and the...
Read more »