Tag Archives: Mortgage Bankers Association

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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Obama to push for reform of mortgage giants

The crux of his call, however, will be for more mortgage refinancing, which is, ironically, harder now that mortgage rates are rising. Rates are rising because the Federal Reserve is signaling that it will stop buying mortgage-backed securities now that … Continue reading

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Obama to push for housing reform of mortgage giants

The crux of his call, however, will be for more mortgage refinancing, which is, ironically, harder now that mortgage rates are rising. Rates are rising because the Federal Reserve is signaling that it will stop buying mortgage-backed securities now that … Continue reading

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Higher mortgage rates may mean easier credit

(Read more: Mortgage delinquencies suddenly spike) It is likely no coincidence that standards are easing as rates rise and mortgage applications fall. Total mortgage applications were down 47 percent last week from a year ago. Refinances, which had been the … Continue reading

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