The New York Times did a classic the economy is awful story by highlighting the fact that 1.3 million homeowners might not be moving because of the large gap between current mortgage rates and the rate they would have to pay on a new mortgage. While this is clearly a problem, the flip side is More
Member of the European Central Bank (ECB) Governing Council and Bank of Latvia Governor Martins Kazaks said on Friday that the former institution will cut its key interest rate in June "if nothin
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“It seems increasingly likely that mortgage rates are not going to come down anytime soon,” Bright MLS chief economist Lisa Sturtevant said.
LOS ANGELES >> Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months.
Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make a big difference, especially for first-time homebuyers who often struggle […]
By ALEX VEIGA (AP Business Writer) LOS ANGELES (AP) — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make […]
Gervonta "Tank" Davis' WBA lightweight title defense against Frank Martin will take place June 15 at MGM Grand Garden Arena in Las Vegas, both boxers announced Saturday on social media.Davis-Martin will headline a PBC on Prime Video pay-per-view event. A WBC interim light heavyweight title bout between David Benavidez and Oleksandr Gvozdyk will serve as the co-main event.It was reported in February that Davis and Martin had agreed on a deal for a matchup in the spring or summer, though no date...
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going. It now sits right around 7.5%, the highest level since mid-November of last year. Rates hit their highest level in a few decades last October, causing home sales to grind to a halt. Builders jumped to buy down rates for their customers and managed to do better than existing home sellers. Rates then fell through mid-January to the mid-6% range and held there...
The average rate on the popular 30-year fixed mortgage sits around 7.5%, the highest level since mid-November of last year, according to Mortgage News Daily.
The number of mortgage applications, including refinancings and additions, increased by 16 percent in the first quarter of 2024 compared to the same quarter last year. Applications for the purchase of a home increased by 19 percent, De Hypotheker reported on Wednesday. Half of these applications were from young home buyers under the age of 35.
Barratt has received the top 5 star rating from its customers for 15 years in a row now. This is far longer than any other major housebuilder has held the top 5 star rating. The number of stars awarded is based on customer responses to the question: “Would you recommend your builder to a friend?” Over 90% of Barratt customers said they would recommend the housebuilder to a friend. Barratt Developments is committed to building high quality, energy efficient homes and making its customers happy...