mortgage

Seasoned investor Cathie Wood said Saturday that Bitcoin (CRYPTO: BTC) holders may not hesitate to shift their holdings to a centralized cryptocurrency exchange to avail home loans. What Happened: Wood, the CEO of ARK Invest, was responding to an X user who suggested that Bitcoin holders, who...

The U.S. housing finance landscape may be on the brink of a huge shift as Federal Housing Finance Agency (FHFA) Director Bill Pulte, appointed in March 2025 under President Donald Trump, announced plans to study cryptocurrency holdings, including Bitcoin (CRYPTO: BTC), for mortgage qualifications....

Housing inflation is finally showing signs of easing, with the Consumer Price Index (CPI) for March posting a 4% year-over-year increase in housing costs — the slowest uptick since November 2021. Yet, buyers still grapple with steep price tags and volatile mortgage rates. Despite this cooling...

Mortgage applications took a sharp 6.2% dive last week as rising interest rates pushed refinance demand lower, according to the latest data from the Mortgage Bankers Association. In a report released Wednesday, the MBA said its Market Composite Index—a key measure of mortgage loan application...

Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. Experts see rates remaining elevated through the first six months of 2025.  The Details: Mortgage rates have climbed higher following...

The U.S. mortgage market hit a speed bump last week as rising interest rates pushed application activity lower, breaking a five-week streak of growth. According to the Mortgage Bankers Association (MBA), total mortgage applications decreased 0.7% for the week ending Dec. 13, 2024, signaling...

A recent surge in mortgage rates is weighing heavily on homebuyers, causing a sharp and sustained drop in mortgage applications across the U.S. This downturn marks the fourth consecutive weekly decline, signaling growing pressure from elevated borrowing costs. Mortgage Applications Plummet for...

U.S. mortgage demand saw its steepest weekly drop in over four years, as a sharp rise in interest rates caught homebuyers off guard. After weeks of steady declines, the new surge in interest rates has driven away potential buyers, with many sidelined due to affordability concerns. The Mortgage...

A sharp reversal in mortgage rates has taken U.S. homebuyers by surprise, leading to the largest drop in weekly mortgage applications since mid-August. The sudden uptick in rates adds pressure to an already challenging housing market, where affordability and supply are becoming increasingly...

American homeowners and prospective buyers had been biding their time, waiting for a decisive move from the Federal Reserve to reignite the mortgage market. That moment came on Sept. 18, when the Fed’s large and unexpected 50-basis-point rate cut—bringing the target range to 4.75%-5%—opened...

Good news is on the horizon for U.S. homebuyers as mortgage rates continue their downward trend. In the week ending Aug. 23, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances (up to $766,550) dipped from 6.50% to 6.44%. This marks the lowest level...

Mortgage rates fell to their lowest levels in over a year this week, spurred by rising market expectations of interest rate cuts by the Federal Reserve, bringing some much-needed relief to U.S. homebuyers. As of Aug. 7, the average 30-year fixed mortgage rate dropped by 26 basis points from the...

Throughout the Fed's mission to bring inflation down to its 2% target rate, housing prices have been one of the areas where price growth has remained the stickiest. Now the central bank plans on cutting interest rates amid a slowdown in the labor market, but this could also lead to inflation in the...

Mortgage rates are on a steady decline as investors have cemented expectations for upcoming reductions in the federal funds rate, yet mortgage demand continues to depict challenges among homebuyers. The Mortgage Bankers Association has reported Wednesday that the average contract interest rate for...

In a week packed with global breaking events, both the S&P 500 and the Nasdaq 100 indices marked their worst weekly performance in three months, predominantly driven by a broad-based selloff in chipmakers. A a drop in major equity averages at the end of the week might have escalated...