Mortgage warning: two-year deals ‘dangerous’ as house prices weaken and rates rise

  Looming interest-rate rises and a stagnant housing market mean first-time buyers with large mortgages are at risk of becoming “loan prisoners” where in future years they will be trapped paying some of the highest rates, mortgage experts have warned. The most popular mortgage deals involve fixing rates for just […]

Mortgage applications leap nearly 10% on lowest rates in almost a year

Mortgage applications leap nearly 10%  2 Hours Ago | 00:53 Homebuyers are clamoring to capitalize on the lowest interest rates in almost a year, driving total mortgage application volume 9.9 percent higher last week. The Mortgage Bankers Association’s seasonally adjusted weekly index is still 19 percent lower than the same week […]

Lower mortgage rates push more borrowers to refinance, as Harvey mucks up the data

Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After pulling back for the last few weeks, more homeowners applied for a […]

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 […]