Demand for mortgages plummets as interest rates rise
2 years, 2 months ago

Demand for mortgages plummets as interest rates rise

NL Times  

With mortgage interest rates rising rapidly, far fewer people applied for home loans in the third quarter. There was less demand for the transfer of existing mortgages in particular, but fewer home buyers also knocked on the bank’s door for a mortgage. According to the chain of mortgage advisers, the total number of applications decreased by 20 percent compared to the same period last year. The demand for mortgages rose again at the end of the third quarter, but not enough to offset the sharp decline in the previous months, said De Hypotheker commercial director Menno Luiten.

Mortgage Interest Rates De Hypotheker  second  hypotheker  rose  plummets  demand  interest  applications  mortgage  rates  quarter  buyers  fewer  mortgages  number  rise

History of this topic

Mortgage approvals to home buyers reach highest level since summer 2022
3 weeks, 4 days ago

Mortgage approvals to home buyers reach highest level since summer 2022

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Homes that are well priced and well presented are …

Mortgage pain fuels highest rise in home ownership costs in 30 years
1 month ago

Mortgage pain fuels highest rise in home ownership costs in 30 years

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Soaring monthly mortgage payments are …

People are borrowing more to buy a house as prices rise
1 month, 1 week ago

People are borrowing more to buy a house as prices rise

Dutch News  

Rising house prices and a drop in mortgage interest rates have boosted the average new mortgage in the Netherlands to €346,572, according to mortgage advisory group De Hypotheker. Since then interest rates have gone down slightly and the amount people can borrow, based on the value of the property, has risen. Last week, family spending institute Nibud said with wages …

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
3 months, 3 weeks ago

Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year

Associated Press  

The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year, good news for prospective homebuyers facing home prices near all-time highs. “Mortgage rates fell again this week due to expectations of a Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. “Rates are …

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving
4 months, 2 weeks ago

Wall Street 'Oracle' reveals the mortgage rate magic number which will get the housing market moving

Daily Mail  

Mortgage rates have fallen to their lowest level in 15 months - but one expert is warning a bigger drop is needed to kickstart the frozen housing market. Meredith Whitney said that mortgage rates need to hit 6 percent or below in order to kickstart the frozen market The average 30-year fixed-rate mortgage eased to 6.47 percent this week, according …

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February
4 months, 3 weeks ago

Average rate on a 30-year mortgage falls to 6.73%, lowest level since early February

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices. After jumping to a 23-year high of 7.79% in October, the average rate on a 30-year mortgage has mostly hovered around 7% this year — more than double what it …

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?
5 months, 2 weeks ago

The US housing slump deepened this spring. Where does that leave home shoppers and sellers?

Associated Press  

LOS ANGELES — The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer and fall. The weak spring sales are a reflection of the affordability challenges many home shoppers face: the average rate on a 30-year mortgage rate is moored near 7%; the supply …

Market for newly built homes slows as elevated mortgage rates put off many home shoppers
5 months, 3 weeks ago

Market for newly built homes slows as elevated mortgage rates put off many home shoppers

Associated Press  

LOS ANGELES — Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. The recent slowdown in new home sales marks a shift from last year, when sales rose nationally for the first time in two years, climbing 4.2% from a year earlier. As last year, homebuilders have lowered prices and offered incentives …

Average long-term US mortgage rate falls again, easing to lowest level since early April
6 months ago

Average long-term US mortgage rate falls again, easing to lowest level since early April

Associated Press  

LOS ANGELES — Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. “Mortgage rates fell for the third straight week following signs of cooling inflation and market expectations of a future Fed rate cut,” said Sam Khater, Freddie Mac’s chief economist. Federal Reserve officials said …

Long-term mortgage rates retreat for second straight week, US average at 7.02%
7 months, 1 week ago

Long-term mortgage rates retreat for second straight week, US average at 7.02%

Associated Press  

The average rate on a 30-year mortgage in the U.S. fell for the second straight week, giving some relief to home shoppers already facing sky-high prices and a shortage of supply. The average 30-year rate fell to 7.02% from 7.09% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates are influenced by several factors, including how the bond market …

Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
7 months, 2 weeks ago

Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%

Associated Press  

LOS ANGELES — The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale. Mortgage rates are influenced by several factors, including how the bond market reacts to the Federal Reserve’s interest rate policy and …

Average long-term US mortgage rate climbs above 7%
8 months ago

Average long-term US mortgage rate climbs above 7%

Associated Press  

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. “Last week, purchase applications rose modestly, but it remains unclear how many homebuyers can withstand increasing rates in the future.” AP AUDIO: Average long-term US mortgage rate …

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
8 months, 1 week ago

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

Hindustan Times  

LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the year for home sales. How the bond market reacts to the Fed’s interest rate policy, the moves in the 10-year Treasury yield, as well as other factors can influence mortgage …

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
8 months, 1 week ago

Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what’s traditionally the busiest time of the year for home sales. How the bond market reacts to the Fed’s interest rate policy, the moves in the 10-year Treasury yield, as well as other factors can influence mortgage …

Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers
8 months, 3 weeks ago

Average long-term US mortgage rate falls slightly, easing borrowing costs for home shoppers

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the market this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.79% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. “Mortgage rates moved slightly lower …

Average long-term US mortgage rate declines to levels last seen in early February
9 months, 1 week ago

Average long-term US mortgage rate declines to levels last seen in early February

Associated Press  

LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway. “Despite the recent dip, mortgage rates remain high as the market contends with the pressure of sticky …

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying
9 months, 3 weeks ago

Is this the 'magic' mortgage rate that will kickstart the housing market? Fascinating study reveals rate that could finally spur the majority of aspiring homeowners into buying

Daily Mail  

After the Federal Reserve started lifting interest rates in March 2022, mortgage rates followed suit - and home sales have faltered since. Fixed 30-year mortgage rates are now hovering around 6.9 percent after reaching a 22-year high of 7.8 percent in October, according to Government-backed lender Freddie Mac. Some 72 percent out of 5,000 potential home buyers said they pulling …

Average long-term US mortgage rose again this week to highest level since mid December
10 months ago

Average long-term US mortgage rose again this week to highest level since mid December

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate rose this week for the third time in as many weeks, driving up home loan borrowing costs in just as the spring homebuying season ramps up. The average rate on a 30-year mortgage rose to 6.90% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. “Strong incoming economic and inflation …

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers
10 months ago

Home sales rose in January as easing mortgage rates, more homes for sale enticed homebuyers

Associated Press  

LOS ANGELES — Sales of previously occupied U.S. homes rose in January as homebuyers were encouraged by easing mortgage rates and a modest pickup in properties on the market. Existing home sales rose 3.1% last month from December to a seasonally adjusted annual rate of 4 million, the National Association of Realtors said Thursday. “While home sales remain sizably lower …

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May
11 months ago

Boost for homebuyers: Average long-term mortgage rate falls to 6.6%, lowest level since May

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell this week to its lowest level since May, welcome news for prospective homebuyers facing rising home prices and intense competition for relatively few properties on the market. The average rate on a 30-year mortgage dropped to 6.6% from 6.66% last week, mortgage buyer Freddie Mac said Thursday. The decline, which …

Almost 30 percent fewer mortgage applications in 2023 than a year ago
11 months, 2 weeks ago

Almost 30 percent fewer mortgage applications in 2023 than a year ago

NL Times  

There was a 30 percent decrease in mortgage applications last year compared to 2022. The number of mortgage applications on the buyers' market was almost 8 percent lower than in 2022. According to HDN director Reinier van der Heijden, this has to do with the "unruly start" of the year. According to HDN, this is partly due to the number …

Down again: Average long-term US mortgage rate falls to 6.67%, lowest level since June
1 year ago

Down again: Average long-term US mortgage rate falls to 6.67%, lowest level since June

Associated Press  

LOS ANGELES — Home loan financing costs eased again this week, pulling the average long-term U.S. mortgage rate down to a six-month low. The average rate on a 30-year mortgage dropped to 6.67% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. Mortgage rates have been easing since late October, when the average rate on a 30-year home loan …

The average long-term US mortgage rate dips below 7% to its lowest level since early August
1 year ago

The average long-term US mortgage rate dips below 7% to its lowest level since early August

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale. The yield, which in mid October surged to its highest level since 2007, has been falling …

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September
1 year ago

The average long-term US mortgage rate falls to 7.22%, sliding to lowest level since late September

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell for the fifth week in a row, more good news for prospective homebuyers grappling with an increasingly unaffordable housing market. The latest decline brought the average rate on a 30-year mortgage down to 7.22% from 7.29% last week, mortgage buyer Freddie Mac said Thursday. “The current trajectory of rates is …

The average long-term US mortgage rate falls to 7.44% in third-straight weekly drop
1 year, 1 month ago

The average long-term US mortgage rate falls to 7.44% in third-straight weekly drop

Associated Press  

LOS ANGELES — The average rate on the benchmark 30-year home loan fell for the third week in a row, welcome news for house hunters facing a market held back by persistently high prices and a near-historic low number of homes for sale. The latest decline brought the average rate on a 30-year mortgage down to 7.44% from 7.5% last …

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop
1 year, 1 month ago

The average long-term US mortgage rate falls to 7.5% in second-straight weekly drop

Associated Press  

LOS ANGELES — The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month. The latest decline brought the average rate on a 30-year mortgage down to 7.5% from 7.76% last week, mortgage buyer Freddie Mac said Thursday. The average …

What does an 8% mortgage rate mean for YOU? Higher rates will cost the average American homeowner an extra HALF A MILLION dollars in the course of a 30-year loan
1 year, 2 months ago

What does an 8% mortgage rate mean for YOU? Higher rates will cost the average American homeowner an extra HALF A MILLION dollars in the course of a 30-year loan

Daily Mail  

Homebuyers today face paying $500,000 more in the course of a 30-year mortgage than they would have done two years ago after rates shot up to 8 percent. Homebuyers today face paying $500,000 more in the course of a 30-year mortgage than they would have done two years ago after rates shot up to 8 percent It is one of …

Mortgage rates climb to 7.57% - the highest in over two decades - here's what it means for YOU
1 year, 2 months ago

Mortgage rates climb to 7.57% - the highest in over two decades - here's what it means for YOU

Daily Mail  

Mortgage rates have risen to a fresh two-decade high, delivering more pain to the struggling housing market. According to the Mortgage Bankers Association, home purchase applications dropped by 5.7 percent in the week to October 4 - the lowest level since 1995. The average 30-year fixed-rate deal increased to 7.57 percent on October 12, according to data from government-backed lender …

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000
1 year, 2 months ago

The average long-term US mortgage rate surges to 7.49%, its highest level since December 2000

Associated Press  

LOS ANGELES — The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers. The average rate on the benchmark 30-year home loan rose to 7.49% from 7.31% last week, mortgage buyer Freddie Mac said Thursday. The …

Mortgage rates reach their highest rate in more than 20 YEARS - here's what it means for new home buyers
1 year, 4 months ago

Mortgage rates reach their highest rate in more than 20 YEARS - here's what it means for new home buyers

Daily Mail  

Are YOU worried about rising mortgage rates? Get in touch: [email protected] Home buyers are facing their highest mortgage rates since 2002, as experts warn higher loans could pour cold water on the property market. Home buyers are facing their highest mortgage rates since 2002, as experts warn higher loans the property market to a screeching halt Over the course of …

Average mortgage amount rising after 14 months of decline; Highest since April 2022
1 year, 4 months ago

Average mortgage amount rising after 14 months of decline; Highest since April 2022

NL Times  

The average mortgage amount for purchasing a home rose by 4 percent in July compared to last year to 321,818 euros. That is the highest level since April 2022, according to figures from De Hypotheker. According to De Hypotheker, this indicates that the housing market may be gradually recovering despite the rise in mortgage interest rates. The housing supply increased …

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high
1 year, 6 months ago

Average long-term US mortgage rate falls to 6.67%, third straight drop since climbing to 2023 high

Associated Press  

LOS ANGELES — The average long-term U.S. mortgage rate fell for the third time in as many weeks, a welcome boost for homebuyers facing a housing market that’s been held back this year by a tight inventory of homes for sale. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.67% …

Mortgage applications drop to 28-year low as rates climb
1 year, 9 months ago

Mortgage applications drop to 28-year low as rates climb

CNN  

Washington, DC CNN — Applications for a mortgage fell for the third week in a row and now sit at a 28-year low for the second-straight week, according to data released Wednesday. With mortgage rates half a percentage point higher over the past month, home buyers are pulling back even as the spring home buying season should be heating up. …

More people under 30 applying for mortgages
1 year, 10 months ago

More people under 30 applying for mortgages

NL Times  

There was a sharp increase in young people under 30 applying for mortgages last month compared to January 2022. In relation to all mortgage applications, the proportion of young adults applying last month increased significantly. “Young home buyers are gradually getting a foot in the door as a result.” Many young people still couldn't buy a home because the average …

Interest rates are set to keep rising in 2023 but the RBA is playing with fire
1 year, 10 months ago

Interest rates are set to keep rising in 2023 but the RBA is playing with fire

ABC  

Late last November, Reserve Bank governor Philip Lowe was forced into a humiliating public apology. If the official rate hit 3.6 per cent, it found that just over half of all homeowners on variable mortgage rates would see a more than 20 per cent reduction in spare cash flow. That would be chaotic and you can bet your life the …

Average long-term mortgage rate at lowest level in 4 months
1 year, 10 months ago

Average long-term mortgage rate at lowest level in 4 months

Associated Press  

The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher prices for just about everything, including homes. The big rise in mortgage rates during the past year has throttled the housing market, with sales of existing homes falling for 11 straight months to the lowest level …

Average long-term US mortgage rate lowest since September
1 year, 11 months ago

Average long-term US mortgage rate lowest since September

Associated Press  

WASHINGTON — The average long-term U.S. mortgage rate fell this week to its lowest level since September, a potential boost to the housing market which has been in decline for nearly a year. The big rise in mortgage rates during the past year has throttled the housing market, with sales of existing homes falling for 10 straight months to the …

Mortgage applications dropped by half in 4th quarter; Fewer homes sold
1 year, 11 months ago

Mortgage applications dropped by half in 4th quarter; Fewer homes sold

NL Times  

The total number of mortgage applications in the fourth quarter almost halved compared to the same period a year ago. According to De Hypotheker, a chain of mortgage advisers, the total number of mortgage applications fell by 45 percent last quarter. Throughout 2022, the total number of mortgage applications fell by 6 percent compared to a year earlier. Fewer homes …

Home buyers get some relief as mortgage rates come off 7% highs
2 years ago

Home buyers get some relief as mortgage rates come off 7% highs

LA Times  

A home for sale in the Mission Hills area of Los Angeles in October. “There’s a good chance we have seen the top” in mortgage rates, said Keith Gumbinger, vice president of research firm HSH.com. Home prices have declined recently — about 6% from May in Los Angeles County — largely because higher rates have sapped people’s buying power. If …

Why two-thirds of Australian home borrowers need to be worried as interest rates keep rising
2 years ago

Why two-thirds of Australian home borrowers need to be worried as interest rates keep rising

Daily Mail  

Two-thirds of Australian home borrowers with a variable mortgage will be hit with more interest rates rises in coming months as ANZ predicts an 18 per cent house price plunge - but at least inflation may be easing. Two-thirds of Australia home borrowers with a variable mortgage will be hit with more interest rate rises in coming months - with …

Mortgage approvals fall to lowest level since Covid hit
2 years ago

Mortgage approvals fall to lowest level since Covid hit

The Telegraph  

The mortgage market chaos following Liz Truss's mini-Budget pushed down approvals for home loans to their lowest level in more than two years in October. The figures cover the period immediately after Kwasi Kwarteng delivered the mini-Budget when lenders withdrew hundreds of mortgage products and rates were pushed up in response to expectations for aggressive Bank of England action. Forecasters …

High mortgage rates send homebuyers scrambling for relief
2 years, 1 month ago

High mortgage rates send homebuyers scrambling for relief

Associated Press  

LOS ANGELES — Mortgage rates are more than double what they were a year ago, so many homebuyers are looking for ways to put off some of the pain for a few years. Mortgage rates’ swift rise follows a sharp increase in the yield on the 10-year Treasury note, which has climbed amid expectations of higher interest rates overall as …

US average long-term mortgage rates back under 7%, for now
2 years, 1 month ago

US average long-term mortgage rates back under 7%, for now

Associated Press  

WASHINGTON — The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate fell to 6.95% from 7.08% last …

US mortgage rates top 7% for the first time in 2 decades
2 years, 1 month ago

US mortgage rates top 7% for the first time in 2 decades

Associated Press  

WASHINGTON — The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve’s aggressive rate hikes intended to tame the nation’s stubbornly high inflation. Higher mortgage rates reduce homebuyers’ purchasing power, resulting in fewer people being able to afford to buy a home at a time …

Mortgage rates top 7% for the first time since 2002, chilling L.A. housing market
2 years, 1 month ago

Mortgage rates top 7% for the first time since 2002, chilling L.A. housing market

LA Times  

Real estate agent Skyler Hines, right, speaks with visitor during open house in the Arlington Heights neighborhood of Los Angeles. The cost of buying a home took another leap this week as the average rate on the popular 30-year fixed-rate mortgage surpassed 7% for the first time since 2002. California Rising mortgage rates are sending home prices lower After a …

Mortgage rates blow past 7% for first time in two decades
2 years, 1 month ago

Mortgage rates blow past 7% for first time in two decades

CBS News  

The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate jumped to 7.08% from 6.94% last week. The …

Average long-term US mortgage rates up another quarter point
2 years, 2 months ago

Average long-term US mortgage rates up another quarter point

Associated Press  

WASHINGTON — Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but promised more rate increases in its battle to tamp down persistent inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.92% …

Typical mortgage payment has soared $337 in just six weeks
2 years, 2 months ago

Typical mortgage payment has soared $337 in just six weeks

Daily Mail  

Just this week, lender Freddie Mac said that the lending rate has more than doubled in the last 12 months While the seven percent rise in mortgage rates is the highest since just prior to the Great Recession The volatility of mortgage rates has led to potential buyers abandoning their plans to buy homes The average homeowner's monthly mortgage payment …

Mortgage rates quickly rise to 4 percent after summer dip
2 years, 3 months ago

Mortgage rates quickly rise to 4 percent after summer dip

NL Times  

After a brief summer period where mortgage interest rates declined the average rate was back on the rise in the Netherlands. “Since July, interest rates on the capital market have risen by about 0.90 percentage points, which obviously has consequences for mortgage rates,” the organization wrote. Mortgage rates have jumped up by an average of 0.05 percent or more on …

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