Mortgage News: Interest rates are on the rise!
Mortgage interest rates are rapidly rising, which is affecting loan demand, particularly refinances. Total mortgage application volume fell 8.1 % last week compared to the previous week, as per the Mortgage Bankers Association’s seasonally adjusted index. For 30-year fixed-rate mortgages with acceptable loan balances ($647,200 or less), the average contract interest rate jumped to 4.50 […]
Cooling measures doing little to slow New Zealand’s housing boom
Desperation among homebuyers is pushing New Zealand house prices to record highs, overpowering the government’s efforts to rein in the red-hot market and putting in jeopardy a key policy promise by Prime Minister Jacinda Ardern.
Pandemic boom drives UK house prices up by most since 2004
British house prices jumped by the most in more than 16 years this month, soaring by 13.4% from June 2020, and demand is expected to stay strong while a coronavirus emergency tax break remains in place, mortgage lender Nationwide said.
Canadian home price gains accelerate again in May -Teranet
Canadian home prices accelerated again in May from the previous month, posting the largest monthly rise in the history of the Teranet-National Bank Composite House Price Index, data showed on Thursday.
