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The Latest Breaking News from Joel Kan

Mortgage Applications Rise, Driven By Refinances

Mortgage applications increased 2.3% last week, driven by a surge in refinance activity, as more homeowners take advantage of interest rates by the Federal Reserve.

International Business Times

Weekly Mortgage Demand Dips Following Increase In Rates

Weekly Mortgage Demand Dips Following Increase In Rates

While the noted increase did not even reach 1%, it still created an immediate effect on mortgage demand, which had already started strengthening over several weeks.

International Business Times

Homebuyer Demand Softens Despite Lower Rates

Homebuyer Demand Softens Despite Lower Rates

Homebuyers continue to hold out for lower rates and more listings, economist says.

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Homebuilder Stocks Surge To New Highs Ahead Of Fed Meeting, Lennar Earnings

The IBD homebuilder industry group ranks fifth out of 197, with the group advancing 29% in 2023.

Investors Business Daily

Housing Beat: Mortgage Rates Soar Again, Non-QM Rides On, The Best And Worst Rental Markets

The renewed rise in mortgage rates, a major mortgage-backed securities deal featuring non-qualified mortgages and a cooling in rental housing prices dominated this week's housing and mortgage market news.

Housing Beat: Mortgage Rates Creep Down, Inventory Expands And Who Wants A Vacation Home Anymore?

The U.S. housing market closed June with a decline in mortgage rates, a bump-up in pending home sales, a growing number of available properties for sale and an evaporating enthusiasm for vacation homes.

Housing Beat: Mortgage Rates Flatten As Sun Belt Sees New Boom In Home Building

This week in the housing market, mortgage rates were mostly flat, mortgage application volume was down and the Sun Belt is shining with new single-family home construction.

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Why a cash-out refinance can still be a good idea, even as rates rise

Economic uncertainty abounds right now as inflation surges and the interest rates on all kinds of financial products rise.

Tribune News Service

Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes

Housing Beat: Mortgage Rates Break The 5% Level; Buyers Settle On Smaller Homes

The latest U.S. housing and mortgage data points to rates continuing their dizzying rise, fewer homes being sold and prospective buyers agreeing to purchase smaller properties.

Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher

Housing Beat: Mortgage Rates Hit 5% Level While Property Taxes Inch Higher

The week in housing was one of great challenges, with mortgage rates cracking the 5% level while homeowners faced an uptick in property taxes and state attorneys general demanded that mortgage servicers drop their convenience fees charged to borrowers.

Housing Beat: Mortgage Rates Keep Climbing; Disney's Affordable Housing Project

Housing Beat: Mortgage Rates Keep Climbing; Disney's Affordable Housing Project

Mortgage rates are continuing their upward motion while potential homebuyers and sellers face a shifting housing market and the affordable housing sector welcomes a well-known new participant.

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