Found 4 blog entries tagged as home loans.

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Realtor.com reports, "Home loan applications slightly ticked up 1.1% for the second week, but are trending lower than last week when overall applications increased 11%.

The latest data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey shows a 1.1% increase on mortgage loan application volume on a seasonally adjusted basis from one week earlier. The refinance index decreased 0.4% from the prior week but was 44% higher than the same week one year ago.

"The most notable change in this week's data was the increase in purchase applications, which jumped 2.3% on a weekly basis and were up 18% year over year," says Hannah Jones, senior economic research analyst at Realtor.com®. "The spring housing market is picking up, and…

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Realtor.com writes, "Mortgage rates swung up on Thursday compared to the previous week, inching toward the dreaded 7% level, following the recent surge in 10-year-Treasury yields driven by investor concerns about escalating global trade tensions. 

The average rate on 30-year fixed home loans increased to 6.83% for the week ending April 17, up from 6.62% the previous week, according to Freddie Mac. It is the largest one-week increase in 12 months. Rates average 7.1% the same week in 2024. 

"The 30-year fixed-rate mortgage ticked up but remains below the 7% threshold for the thirteenth consecutive week," says Sam Khater, Freddie Mac’s chief economist. "At this time last year, rates reached 7.1% while purchase application demand was 13% lower than…

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Realtor.com shares, "mortgage rates climbed from 6.44% last week to 6.54% for a 30-year fixed home loan for the week ending Oct. 24, according to Freddie Mac.

“The continued strength in the economy drove mortgage rates higher once again this week,” Sam Khater, Freddie Mac’s chief economist, said in a statement. “Over the last few years, there has been a tension between downbeat economic narrative and incoming economic data stronger than that narrative. This has led to higher-than-normal volatility in mortgage rates, despite a strengthening economy.”

Unfortunately for would-be homebuyers—and sellers—this uptick marks the fourth week in a row that mortgage rates have risen.

“This rapid run-up in mortgage rates has sapped some of the burgeoning…

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Realtor.com writes, "while buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve.

Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today. This tacks many hundreds extra onto the monthly expense of housing, stretching some homebuyers’ budgets to the breaking point. And while there are ways to lower those costs, navigating the home loan process is extremely complicated—particularly for first-time homebuyers.

“It’s very important for first-timers to do research and understand all their options before they start looking for a home,” says Cara Ameer, a real estate agent with Coldwell Banker who is licensed in California and…

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