Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market.
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Soaring home prices have driven up home equity, but rising interest rates are making it more expensive to use.
The post U.S. Home Equity Hits Highest Level on Record—$27.8 Trillion appeared first on Real Estate News & Insights | realtor.com®.
Lenders are preparing for mortgage demand to cool in the coming months, the result of rising interest rates that make refinancing less attractive for a huge chunk of borrowers.
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Black homeowners are having a harder time catching up on missed mortgage payments than other borrowers, new federal research shows.
The post Many Black Homeowners Are Falling Further Behind on Their Mortgages appeared first on Real Estate News & Insights | realtor.com®.
Thomas A. Ferrara/Newsday RM via Getty Images)Mortgage rates reached their highest level since November last week, cooling off home purchase and refinance applications ahead of the all-important spring selling season.
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The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles.
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New forms are showing up in some borrowers’ paperwork when they close on their home loan. Lenders are asking them to confirm that they don’t plan to skip their payments, at least not right away.
The post Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This? appeared first on Real Estate News & Insights | realtor.com®.