homesmillbrae.com » Soft Patch http://homesmillbrae.com Thu, 20 Oct 2022 03:48:43 +0000 en hourly 1 http://wordpress.org/?v=3.1 Why Rising Rates Are Rattling the Mortgage Market http://homesmillbrae.com/2214/why-rising-rates-are-rattling-the-mortgage-market-2/ http://homesmillbrae.com/2214/why-rising-rates-are-rattling-the-mortgage-market-2/#comments Thu, 16 May 2013 22:08:27 +0000 http://homesmillbrae.com/2214/why-rising-rates-are-rattling-the-mortgage-market-2/ Continue reading →]]> “Underlying interest rates are moving higher, dragging mortgage rates along with them,” said Keith Gumbinger, vice president of HSH.com, a data and analytics site. “This has come as the result of somewhat better conditions in the labor market, helping investors feel more confident that the recovery will overcome its recent soft patch.”

(Read More: REITs Return Big as Investors Pour In)

The higher rates cause a drop in mortgage applications. Refinance volume fell 8 percent, while mortgage applications to purchase a home fell 4 percent, according to the MBA report.

Article source: http://www.cnbc.com/id/100738799

]]> http://homesmillbrae.com/2214/why-rising-rates-are-rattling-the-mortgage-market-2/feed/ 0 Why Rising Rates are Rattling the Mortgage Market http://homesmillbrae.com/2212/why-rising-rates-are-rattling-the-mortgage-market/ http://homesmillbrae.com/2212/why-rising-rates-are-rattling-the-mortgage-market/#comments Thu, 16 May 2013 03:48:03 +0000 http://homesmillbrae.com/2212/why-rising-rates-are-rattling-the-mortgage-market/ Continue reading →]]> “Underlying interest rates are moving higher, dragging mortgage rates along with them,” said Keith Gumbinger, vice president of HSH.com, a data and analytics site. “This has come as the result of somewhat better conditions in the labor market, helping investors feel more confident that the recovery will overcome its recent soft patch.”

(Read More: REITs Return Big as Investors Pour In)

The higher rates cause a drop in mortgage applications. Refinance volume fell 8 percent, while mortgage applications to purchase a home fell 4 percent, according to the MBA report.

Article source: http://www.cnbc.com/id/100738799

]]> http://homesmillbrae.com/2212/why-rising-rates-are-rattling-the-mortgage-market/feed/ 0