Tag Archives: Mortgage Rate

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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Mortgage interest rates on upswing: Here’s the pocketbook impact

What a difference two months (and 1.11%) makes: Higher rates mean this Brisbane condo would now pencil out to $254 more a month (Kiesha Stephens/Redfin) Mortgage interest rates are on a tear. Last week they registered their sharpest one-week spike … Continue reading

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Rising Mortgage Rates Cause ‘Rush to ARMs’

“Mortgage rates increased by the most in a single week since 2011, and refinance application volume dropped to its lowest level in almost two years. However, applications for conventional purchase loans picked up by more than 3 percent over the … Continue reading

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Mortgage Fix Failing at ‘Alarming Rate’

A new report from Special Inspector General for the Troubled Asset Relief Program points to disturbing numbers, but offers no reason for the high rates. Treasury’s data shows that the longer a homeowner remains in HAMP, the more likely he … Continue reading

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What? It’s cheaper to buy than rent in the Bay Area

Earlier in the year, home buying was still considered to be the more pricey route to go when compared with renting in most parts of the Bay Area.  But the tables seem to have turned recently, as both the buying … Continue reading

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