Tag Archives: Mortgage Applications

Mortgage alert: Borrowers change how they cheat

The good news: Fewer borrowers are lying on their mortgage applications. The bad news: The remaining cheaters may be pulling a more dangerous scam. Instead of inflating their home prices, they are now inflating their incomes and assets, according to … Continue reading

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To lock or not lock? That is the mortgage question

The rise in rates put the brakes on the housing recovery, sending both mortgage applications and home sales lower during the summer months. While home builders continued to tout demand and affordability, they could not help but notice fewer buyers … Continue reading

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Buy your next house from a warehouse

Home builders are facing a tough buyer market, as mortgage interest rates rise and wage growth struggles. They are facing soaring land costs as well as limited labor and supplies. This pushed Pulte to raise prices 9 percent in the … Continue reading

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Home sales suffer on higher rates: Realtors

The figures come on the heels of very weak sales of newly built homes in July, down 13 percent from June, according to the U.S. Census. Analysts blamed higher interest rates and some expected existing home sales to fall even … Continue reading

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Mortgage rate spike finally hits housing market

While buyers may be pausing, however, their optimism is not. Americans are increasingly hopeful about housing’s return. Sixty-two percent believe mortgage rates will go up over the next year, according to a new Fannie Mae survey, but 74 percent also … Continue reading

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