How interest rate rises could tip households into mortgage stress

Mortgage stress will spread quickly if interest rates rise ABC News It’s a “perfect storm” that means mortgage stress will spread swiftly, even with small increases in interest rates, according to mortgage industry expert Martin North. Kirthi Demeijer is one of the thousands of Australians having trouble making her home loan […]

Mortgage rates drop to lowest since election, but borrowers barely budge

The lowest mortgage interest rates since November did little to encourage people to refinance their home loans or take out a new loan to buy a home. Total mortgage application volume rose just 0.1 percent, seasonally adjusted, last week from the previous week, according to the Mortgage Bankers Association. Volume […]

Mortgage rates slide to 6-week low as North Korea worries drive bond rally

Getty ImagesMortgage rates remain affordable for many would-be buyers. Rates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.90% in the August 10 week, down from 3.93%. The 15-year fixed-rate […]